Home building costs climb 3.5pc, but they should start to ease

Building a new home continues to get more expensive, but an easing in building consents could bring their escalation to a halt. 

Housing building costs rose on average by 3.5 per cent in the year to May, according to QV’s quarterly “costbuilder” report which monitors costs in the four main centres.

That outpaced annual inflation, which was running at 2.2 per cent in March, according to Statistics New Zealand’s consumer price index (CPI).

While Auckland and Christchurch were more expensive places to build, Wellington has the fastest growth in building costs this year.

from Ellie NZ Rss http://www.stuff.co.nz/business/industries/93981843/Home-building-costs-climb-3-5pc-but-they-should-start-to-ease

from
https://ellieplume83.wordpress.com/2017/06/23/home-building-costs-climb-3-5pc-but-they-should-start-to-ease/