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New Zealand construction activity hits decade low as sector awaits recovery
Construction cycles show cyclical lows when projects wrap up faster than new ones begin. These troughs often precede recovery when underlying conditions like interest rates and consent activity align to support new project starts. -
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February rebound puts housing market on its firmest footing since the correction
Housing market recoveries typically depend on supportive interest rates and monetary tailwinds. New Zealand's February result is notable partly because price growth is accelerating without that assistance from central bank policy. -
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