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18 Apr 2025 12:26
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      Home > News > Business

    The rise cost of building new homes - has slowed

    The rise cost of building new homes - has slowed

    9 April 2025
    The latest Cordell Construction Cost Index, shows the cost of building rose 0.3 percent last quarter.

    It's well below the average quarterly growth of one percent, and a far cry from peaks topping 10 percent in 2022.

    Generation Homes CEO, Craig Hopkins, says costs have reduced as housing priorities have changed.

    He says about 33-thousand existing homes are up for sale and some people don't want to wait for the time it takes to build.

    © 2025 Newstalk ZB, NZCity


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     Top Stories

    RUGBY RUGBY
    Crusaders fullback Will Jordan respects All Blacks team-mate Mark Telea's decision to head to Japan at the end of the season More...

    BUSINESS BUSINESS
    Why is India's largest wildlife rescue facility threatening to sue conservationists? More...


     Today's News

    		 Wellington:
    A person's been pulled from the water at Eastbourne in Lower Hutt and is in a critical condition 11:57

     Soccer:
    The Wellington Phoenix won't be rushed into landing a replacement for unwanted women's coach Paul Temple 11:07

     Rugby:
    Crusaders fullback Will Jordan respects All Blacks team-mate Mark Telea's decision to head to Japan at the end of the season 10:47

     Politics:
    A health systems expert says politics has held back New Zealand's healthcare 10:27

     Rugby League:
    Manly rugby league coach Anthony Seibold believes the NRL's congested calendar is failing its players 10:07

     Business:
    Why is India's largest wildlife rescue facility threatening to sue conservationists? 9:27

     Rugby:
    Crusaders fullback Will Jordan's commended New Zealand Rugby's flexibility around rest weeks for All Blacks during Super Rugby Pacific 9:27

     Law and Order:
    Supporters for twice convicted double murderer Mark Lundy are grateful the Parole Board's granted him parole 8:57

     Entertainment:
    David Beckham has launched a global fundraising campaign with UNICEF to support vulnerable girls across the world 8:31

     International:
    Donald Trump criticises Fed chair Jerome Powell over US interest rates 8:27

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