FBU Chart.

[winner69]

a winner have a look at this

http://unconditional.co.nz/blog/buil...market-trends/

it shows building consents havnt even reached back to early 2000 levels so I would classify that as still recovering trend rather than a boom, so why I say boom yet to come - why because immigration is far surpassing dwellings being built will lead to shortage in a lot of places soon

Agree bull .... good thing forecasts are to get back (or higher) than where consent numbers were in 2007/08

But notice in long term chart currently the numbers are off a much lower bottom of the cycle in 2011

Residential consents have doubled the last few years - that's a boom. Fletchers not done that well earnings wise in that time have they?

And commercial / infrastructure spend all good for FBU as well in NZ