Julien Leys: Building Industry Federation Chief Executive on the slowing effect of inflation on new builds

The construction of new builds is coming to a halt.  About 35,000 new builds were given consent in the last year – more than a 20% drop from the period ending April 2023.  This is being chalked up to inflation and the cost-of-living crisis.   Chief Executive of Building Industry Federation, Julien Leys, told Tim Beveridge “The Covid building boom is over.”  Leys said “Interestingly enough, the renovation market is doing quite well – and we’ve seen a bit of a boost come through with infrastructure.”  LISTEN ABOVE. See omnystudio.com/listener for privacy information.