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16 Dec 2025 10:38
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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
     16 Dec: A new record median house price for Canterbury
     16 Dec: Consumer spending has been down for the first 14 days of December - 0.3 percent lower than last year
     16 Dec: The Government's making moves to acquire properties for North Canterbury's Woodend Bypass
     16 Dec: New data shows the service sector has now dipped in activity for six months in a row
     16 Dec: The services sector is blaming the weak economic environment for a downturn in activity
     15 Dec: Potential for foreign buyers to push up property prices in wealthy hotspots
     15 Dec: The Motor Trade Association is coming out against proposed changes to the warrant of fitness scheme
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     Today's News

    		 Business:
    A new record median house price for Canterbury 10:27

     Business:
    Consumer spending has been down for the first 14 days of December - 0.3 percent lower than last year 10:27

     Entertainment:
    Jimmy Kimmel feels "honoured and humbled" after extending his contract with ABC 10:20

     National:
    The surprising theology inside today’s Advent calendars 10:07

     International:
    New Year's Eve bomb plot in California foiled, US authorities say 10:07

     Entertainment:
    Pamela Anderson has been surprised by the reaction to her makeup-free appearance 9:50

     Swimming:
    Swimmer Lewis Clareburt has met the qualifying standard for next year's Commonwealth Games 9:27

     Entertainment:
    Sydney Sweeney loves to explore "different versions of life" through her on-screen characters 9:20

     Entertainment:
    Gwyneth Paltrow "felt a lot of loneliness" in her 20s 8:50

     Politics:
    Students are being encouraged to "persist" as they compete for summer jobs 8:37

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