Residential building costs
The cost of building a standard three bedroom house rose just +1.1% in the 2024 year, down from 2023’s rise of +2.4% and well below the spike of +10.4% in 2022
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The cost of building a standard three bedroom house rose just +1.1% in the 2024 year, down from 2023’s rise of +2.4% and well below the spike of +10.4% in 2022
The cost of building a standard three bedroom house declined by 1.1% in the June quarter
Residential construction costs are flattening out, reducing the chances of cost blowouts on new builds
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Residential construction costs are flattening out, reducing the chances of cost blowouts on new builds
Fast-reducing townhouse consent levels are driving overall residential building consent levels into a sharp contraction, even if construction cost pressures ease
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Fast-reducing townhouse consent levels are driving overall residential building consent levels into a sharp contraction, even if construction cost pressures ease
Big drop in the number of new homes being built while construction costs have 'all but stabilised'
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Big drop in the number of new homes being built while construction costs have 'all but stabilised'
Carter Holt Harvey axes land covenants including some set for 999 years
[updated]
Building supplies market ‘not working as well as it could’ Commerce Commission says in draft report into competition in the residential building supplies industry
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Building supplies market ‘not working as well as it could’ Commerce Commission says in draft report into competition in the residential building supplies industry
New homes are getting smaller but the cost of building them is getting bigger