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29 Apr 2025 19:30
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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

     Other Business News
     29 Apr: The Finance Minister's confident enough money's left in the kete - for the things we need
     29 Apr: Fonterra's announced it's planning to shut a Hamilton milk-powder packaging facility after July, with up to 120 jobs on the line
     29 Apr: The number of filled jobs rose 0.2 percent last month, more sharply in primary industries
     29 Apr: The Finance Minister's ruling out more funding for most Government agencies and departments
     29 Apr: Major changes are on the way for Queenstown Airport
     29 Apr: Belief changes to certifications and inspections for builders -- is a step in the right direction
     28 Apr: David Seymour's labelling advice from his own Ministry for Regulation - pretty disappointing
     Top Stories

    RUGBY RUGBY
    Les Kiss is expected to finally be confirmed as the next Wallabies coach tomorrow morning More...

    BUSINESS BUSINESS
    The Finance Minister's confident enough money's left in the kete - for the things we need More...


     Today's News

    		 International:
    Mark Carney declares victory in Canada election, securing fourth term for Liberals 18:57

     Business:
    The Finance Minister's confident enough money's left in the kete - for the things we need 18:57

     Boxing:
    A body blow to boxing fans expecting a Joseph Parker-Anthony Joshua rematch 18:37

     International:
    Minor parties clash as Clive Palmer and Pauline Hanson battle for right-wing voters in federal election 18:17

     Rugby League:
    The Warriors have named an unchanged lineup to face the North Queensland Cowboys in the NRL's Magic Round in Brisbane on Saturday 18:07

     International:
    Donald Trump isn't on the ballot in Canada's election but he's influencing the vote 17:47

     International:
    The CSI squad closing a dark chapter in Colombia's history 17:37

     Law and Order:
    A slain woman's sister and the murderer's probation officer have addressed a Coroner's court today 17:27

     Business:
    Fonterra's announced it's planning to shut a Hamilton milk-powder packaging facility after July, with up to 120 jobs on the line 16:57

     Environment:
    A thunderstorm warning's been issued for Kaipara, the Far North and Whangarei, until 5.30 16:57

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