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Speaker 1: Things in our construction sector continue to be hard yards.

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Speaker 1: We got stats New Zealand data new home consent figures

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Speaker 1: are down three point eight percent year on year, second

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Speaker 1: lowest since twenty eighteen. Carl Taylor is the CEO of

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Speaker 1: Combined Building Supplies co op and as well as Carl,

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Speaker 1: Very good morning.

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Speaker 2: To you, Yes, good morning, mind.

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Speaker 1: Is this all over the place? Domestic commercial apartment standalone?

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Speaker 2: The lot I think you've got to remember the building

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Speaker 2: concent data only makes us a small part of our industry.

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Speaker 2: So it does appear to be across the sector, but

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Speaker 2: it is starting to feel a lot better out there.

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Speaker 2: We're reporting our guys spending a lot more money. Good,

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Speaker 2: but it is certainly feeling better than vibes better.

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Speaker 1: So some of these stats are in the rearview mirror,

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Speaker 1: as they say.

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Speaker 2: It's normally three or four months behind. So what we is.

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Speaker 2: We tracked concrete volumes and what our members are actually

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Speaker 2: spending across our merchants. Last month is one of our

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Speaker 2: major merchants, we reported a ten percent increase in spend

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Speaker 2: just from the month prior. It's made up off the

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Speaker 2: guys you know, building decks and showers and bathrooms as

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Speaker 2: a post of building consent work. What we are seeing though,

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Speaker 2: is some of our rural members, so some of our

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Speaker 2: dairy farmer members, believe it or not, starting to spend

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Speaker 2: money on their fixed as sets as well, you know,

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Speaker 2: doing up their bathrooms, doing up there properties as well.

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Speaker 2: So I think that's pretty positive for the sector good.

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Speaker 1: So this would this be part of the interest rates

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Speaker 1: are coming down, there's more money in your pocket and

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Speaker 1: you go out and spend it. This so called recovery

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Speaker 1: We've been spending the whole year on so far thinking

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Speaker 1: about yeah.

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Speaker 2: Yeah they are, they're they start to open up their

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Speaker 2: wallets and spend their money. Again, the vibe off the

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Speaker 2: sector is feeling better, people more positive. We're reporting people

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Speaker 2: or some of our members doing more quotes. So the

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Speaker 2: activity is certainly starting to speed up. And I'm pretty

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Speaker 2: excited for the next twelve months, that's for sure.

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Speaker 1: So you would argue, just just putting your finger into

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Speaker 1: the wind, that things are turning and by the end

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Speaker 1: of the year we might have some good news to

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Speaker 1: genuinely talk about.

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Speaker 2: Well, don't get me wrong, it's still very tough out there,

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Speaker 2: this lot of pain, but again, the ViBe's good and

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Speaker 2: I'm really excited for what the next twelve months see

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Speaker 2: sub sector. It is starting to look ready positive for

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Speaker 2: the next.

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Speaker 1: Twelve fantastic well done, Cal Congratulations for coming on the program,

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Speaker 1: giving you something to cheeron. Carl Taylor, who's the CEO

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Speaker 1: that can buy a building supplies co.

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Speaker 2: Op For more from the Mic Asking Breakfast, listen live

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Speaker 2: to news talks. It'd be from six am weekdays, or

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