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Housing market has stabilised, says Fletcher

Prices are down 10% from December peak, but CEO says confidence is returning.

Fletcher Living site managers Tim Willmot and Nerissa Ross at Stonefields development, Auckland.

Tim Hunter Wed, 17 Aug 2022

The head of construction and building products group Fletcher Building reckons house prices are stabilising about 10% down from their peak in December as buyers gain more confidence about the path of interest rates.

In a conference call for analysts on the company’s results announcement, chief

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Tim Hunter Wed, 17 Aug 2022
Contact the Writer: thunter@nbr.co.nz
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Housing market has stabilised, says Fletcher
Investment,
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