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1 May 2025 2:52
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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
     30 Apr: The latest addition to the school curriculum will have kids learning about money management
     30 Apr: Belief the public sector will be crippled by the Government's slashed Budget operating allowance
     30 Apr: A 10-year-deal has been finalised on a second Mount Ruapehu skifield - in the North Island's Volcanic Plateau
     30 Apr: A former finance minister says there's growing public appetite for more public sector restraint
     30 Apr: Hopes Fonterra will employ 120 workers, with the closure of a Hamilton milk-powder packaging facility
     30 Apr: Auckland's Watercare will be delivering its Huia 1 water pipeline under budget
     29 Apr: The Finance Minister's confident enough money's left in the kete - for the things we need
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    BUSINESS BUSINESS
    The latest addition to the school curriculum will have kids learning about money management More...


     Today's News

    		 Accident and Emergency:
    A section of State Highway Two's closed for four hours tonight north of Napier 21:57

     Entertainment:
    Brian Cox has blasted the escalating price of theatre tickets in America 21:38

     Accident and Emergency:
    State Highway 10 is closed between Taipa and Mangonui in Northland due to a serious two-vehicle crash 21:17

     Entertainment:
    Billy Ray Cyrus thinks Elizabeth Hurley is a "great human being" 21:08

     Environment:
    Myanmar junta accused of hoarding aid as local groups scramble to respond to earthquake 21:07

     Entertainment:
    Jax Taylor thinks he could've saved his marriage if he received his bipolar-disorder diagnosis sooner 20:38

     Entertainment:
    Selena Gomez believes "representation matters" 20:08

     Entertainment:
    The 'Vanderpump Rules' producers anticipated fan "scepticism" towards the show's reboot 19:38

     Entertainment:
    The Vatican has been accused of covering up what it knows about unidentified flying objects (UFOs) 19:08

     Business:
    The latest addition to the school curriculum will have kids learning about money management 18:57

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