Competition in construction is forcing builders to scrape by with low margins
Competition in construction is forcing builders to scrape by with low margins
11 July 2024
Corelogic's Construction Cost Index shows building costs have dropped 1.1-percent in the three months to June - it's the first decrease in 12 years.
It looks at the price of labour, material, plant hire and subcontract services.
Construction Industry Council Executive Director Tommy Honey says it's pushing subcontractors to tighten their belts.
He says it's good news for those wanting to build, but foreboding for the construction sector.
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