{"id":11751,"date":"2020-10-30T16:17:31","date_gmt":"2020-10-30T03:17:31","guid":{"rendered":"https:\/\/builderscrack.co.nz\/blog\/?p=11751"},"modified":"2021-01-21T21:48:44","modified_gmt":"2021-01-21T08:48:44","slug":"property-market-consumer-confidence-impact-demand-on-trades","status":"publish","type":"post","link":"https:\/\/builderscrack.co.nz\/blog\/blog-for-tradespeople\/business-insights\/property-market-consumer-confidence-impact-demand-on-trades.html","title":{"rendered":"Property Market &#038; Consumer Sentiment Impact Demand on Trades"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1148.16px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p><strong><img decoding=\"async\" class=\"alignnone size-full wp-image-11752\" src=\"https:\/\/builderscrack.co.nz\/blog\/wp-content\/uploads\/2020\/10\/Oct-2020-blog.jpg\" alt=\"\" width=\"1200\" height=\"600\" srcset=\"https:\/\/builderscrack.co.nz\/blog\/wp-content\/uploads\/2020\/10\/Oct-2020-blog-200x100.jpg 200w, https:\/\/builderscrack.co.nz\/blog\/wp-content\/uploads\/2020\/10\/Oct-2020-blog-400x200.jpg 400w, https:\/\/builderscrack.co.nz\/blog\/wp-content\/uploads\/2020\/10\/Oct-2020-blog-500x250.jpg 500w, https:\/\/builderscrack.co.nz\/blog\/wp-content\/uploads\/2020\/10\/Oct-2020-blog-600x300.jpg 600w, https:\/\/builderscrack.co.nz\/blog\/wp-content\/uploads\/2020\/10\/Oct-2020-blog-768x384.jpg 768w, https:\/\/builderscrack.co.nz\/blog\/wp-content\/uploads\/2020\/10\/Oct-2020-blog-800x400.jpg 800w, https:\/\/builderscrack.co.nz\/blog\/wp-content\/uploads\/2020\/10\/Oct-2020-blog-1000x500.jpg 1000w, https:\/\/builderscrack.co.nz\/blog\/wp-content\/uploads\/2020\/10\/Oct-2020-blog.jpg 1200w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/strong><\/p>\n<p><strong>We\u2019re seeing a few signals across a variety of sources that suggest house price values and consumer sentiment have correlated with demand for trades.<\/strong><\/p>\n<h2>Homeowner Anecdotes<\/h2>\n<ul>\n<li>New homeowners are purchasing less-than-perfect homes amid low housing supply, with the rationale of doing improvements &#8211; almost immediately<\/li>\n<li>Existing homeowners are spending freed up equity on larger renovation projects.<\/li>\n<\/ul>\n<h2><strong>BC Data<\/strong><\/h2>\n<ul>\n<li>Average job values have risen by 19% over the past three months<\/li>\n<li>Homeowners who have just bought a house are posting jobs wanting a wide range of improvements: from new carpets and double glazing; bedroom, ensuite and wardrobe additions; all the way through to bathroom remodels and home extensions.<\/li>\n<\/ul>\n<h2>New Zealand Business Confidence Index<\/h2>\n<ul>\n<li>The October ANZ New Zealand Business Outlook has reported construction is the most optimistic sector \u2014 with the residential construction continuing to bounce back<\/li>\n<li>14% of residential construction firms expect higher activity over the next month.<\/li>\n<\/ul>\n<h2>Trade Categories Experiencing Good Demand<\/h2>\n<p>One observation we\u2019ve made over the past three months is that the supply-to-demand ratio is strong for the following trades:<\/p>\n<ul>\n<li>Renovating<\/li>\n<li>Building<\/li>\n<li>Fencing &amp; Gates<\/li>\n<li>Roofing<\/li>\n<li>Landscaping \/ Gardening<\/li>\n<li>Painting &amp; Decorating<\/li>\n<li>Plumbing<\/li>\n<li>Glazier &amp; Windows<\/li>\n<li>Plastering<\/li>\n<li>Appliance Repairs<\/li>\n<li>Tiling<\/li>\n<li>Carpet Laying<\/li>\n<li>Handymen<\/li>\n<li>Architecture and Design<\/li>\n<\/ul>\n<p><strong>Key takeaway:<\/strong> If you\u2019re seeing this demand play out first hand, it can be a great opportunity to have the conversation about jobs being scheduled and commenced after the break, seeing as similar trade schedules may be equally full.<\/p>\n<p>While the future outlook of the trade sector will depend on a multitude of factors, we\u2019re working hard on continuing to grow our supply of work. As always, we encourage our members to leverage Builderscrack to lock in work both now and into the New Year.<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":12,"featured_media":11752,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1029],"tags":[],"class_list":["post-11751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-insights"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Property Market &amp; Consumer Sentiment Impact Demand on Trades<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/builderscrack.co.nz\/blog\/blog-for-tradespeople\/business-insights\/property-market-consumer-confidence-impact-demand-on-trades.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property Market &amp; 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