Building Industry Will Get ‘Tanked’: Crisis Is Looming as Construction Costs Soar, Experts Say

Building industry will get 'tanked': Crisis is looming as construction costs soar, experts say

The war in Iran is likely to increase construction costs by at least 25%, an expert says.

Building industry will get ‘tanked’: Crisis is looming as construction costs soar, experts say

By Susan Edmunds of RNZ Rising fuel prices because of war in the Middle East are likely to create a serious crisis for the construction market that has not...

Building crisis looms as construction costs soar: expert

Rising fuel prices due to war in the Middle East are likely to create a serious crisis for the construction market that has not yet been fully...

Fuel shock threatens construction costs surge

Rising fuel prices linked to conflict in the Middle East are expected to drive sharp increases across the construction sector, with experts warning the full impact is not yet understood. AUT professor John Tookey told state-funded media reduced oil production and energy-intensive manufacturing processes will push up costs for key materials like steel, aluminium, bricks and plastics, potentially lifting construction costs by 25 percent or more, w…