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18 Apr 2025 1:09
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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


    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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     17 Apr: It's still unclear how Donald Trump's tariffs will affect demand for our dairy products
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     Top Stories

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    NSW Waratahs lose Super Rugby Women's Champions final 36-5 against Auckland Blues in appalling conditions More...

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


     Today's News

    		 Business:
    Why is India's largest wildlife rescue facility threatening to sue conservationists? 23:37

     Business:
    US tariffs are expected to impact our next inflation figures 21:57

     Entertainment:
    Valerie Bertinelli doesn't want there to be a Van Halen biopic until after her death 21:31

     Rugby:
    NSW Waratahs lose Super Rugby Women's Champions final 36-5 against Auckland Blues in appalling conditions 21:17

     Law and Order:
    Double Murderer Mark Lundy will be released from prison despite his insistence that he never killed his wife and daughter 21:17

     Entertainment:
    Ellen Pompeo will not leave 'Grey's Anatomy' because it would "make no sense, emotionally or financially" 21:01

     Entertainment:
    Jessica Biel still feels embarrassed by her '7th Heaven' audition 20:31

     Entertainment:
    Alec Baldwin's daughter once plunged the annual Rockefeller Plaza Christmas tree lighting ceremony into chaos 20:01

     International:
    Why on earth would Russia want a military base in Indonesia? 19:47

     Entertainment:
    Christina Ricci has opened up about getting a creepy picture aged 11 from a "pervert" after a series of prank calls she and her friends made to a salesman 19:31

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