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.
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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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