Articles tagged RMBF

The Reserve Bank has exempted high LVR loans to build new homes, but its decision not to exempt loans for new homes already built on 'spec' has highlighted the weaknesses within New Zealand's house building sector.

Updated

The Registered Master Builders Federation (RMBF) has released survey results showing 15-20% of all new home builds come from buyers borrowing more than 80% of the value of the house and land package.

The Registered Master Builders Federation warned last week it was seeing early signs the Reserve Bank's high LVR speed limit was hitting new orders for builders who cater to high LVR borrowers and first home buyers in particular. Prime Minister John Key was unconvinced when questioned about the risk of an 'unintended consequence' from the policy on plans to build more houses.