One of the key contributors is material shortages due to shipping delays.
At Builderscrack, we have a unique insight into the volume of non-consented repair and renovation work. Throughout the end of 2020 and early 2021 we’ve seen demand up 30%.
So in the space of a year, we’ve seen demand for tradespeople lift 10% on new builds, and 30% on alterations, renovations and repairs.
The trade sector in New Zealand is hard-working and resilient. Tradespeople are responding to the increase in demand by working longer hours, and building longer work pipelines. Workers are returning to the trades space. At this stage we haven’t seen an increase of rates above standard inflation, but some jobs are receiving less interest that they might in times of lower demand.
So while the overall impact of this higher demand is that jobs are taking a bit longer to be undertaken — the supply is there to service this higher demand.