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11 May 2024 7:34
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  •   Home > News > Business

    The construction industry is flat out building houses, as costs continue to rise

    The construction industry is flat out building houses, as costs continue to rise


    The Cordell Construction Cost Index shows a 1.6 percent increase in the three months to September - almost twice the usual increase.

    Soaring demand for housing, and supply chain disruptions have led to the swell in the costs for land and materials.

    Construction Management Consultant Mike Blackburn says suppliers have been kept on their toes.

    He says some suppliers have increased their costs three times this year.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     10 May: Several teenagers have been taken in by Police, after aggravated robberies in three Auckland businesses, including jewellery stores
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     10 May: Facebook New Zealand's reporting a rise in profit -- which is a fraction of the amount it paid to its Irish arm, over the same period
     10 May: The Energy Minister says we're in for a tight winter
     10 May: A potential power outage is looming in the chilly air
     09 May: Big electricity users are confident they're doing their part to reduce power
     09 May: The Finance Minister is heralding the Government's success at belt tightening - ahead of the Budget
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    Several teenagers have been taken in by Police, after aggravated robberies in three Auckland businesses, including jewellery stores More...



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    Law and Order:
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