Building cost growth rises alongside activity

Building cost growth rises alongside activity

“We’re now seeing a recovery that aligns with anecdotal evidence that builders are becoming busier again,” says Cotality NZ chief property economist Kelvin Davidson. Photo supplied Unsplash.com Construction costs recorded their largest quarterly increase in over a year during the three months to December, as early signs of a sector recovery begin to emerge. The latest Cordell Construction Cost Index (CCCI) shows residential building costs increa…

Construction cost growth rises alongside activity

Although the rate of increase has tailed off over the past two years, residential construction costs remain very high with the pandemic rises now baked in. But builders sense better demand in 2026