Construction cost stories
Australia and New Zealand are facing tighter construction labour supplies as data centre, defence and Olympic projects drive demand and cost pressure.
Fuel savings have eased some site costs, but rising timber, cladding and pipework prices kept construction inflation in positive territory.
New Zealand builders have faced sharply higher input prices for a decade, with the cost of a standard home up 61 percent since 2015.
Slower construction inflation should ease pressure on would-be buyers, with CoreLogic saying house-building costs rose just 1.1% over the past year.
New Zealand home-build prices are still climbing, but only 0.3% this quarter as supply-chain pressures ease and labour shortages moderate.
Pressures on supply chains and builder capacity are easing, with annual residential construction cost growth falling to a seven-year low.
Transport critics say National's road-heavy plan revives costly schemes, with old estimates leaving a multibillion-pound funding gap.
Slowing demand is easing pressure on New Zealand builders, with construction cost growth now running well below the 2022 peak.
Homeowners may be underinsured as rebuilding costs in New Zealand hit record highs, with some code changes adding 5-20% to bills.
Rising rebuild costs are leaving many Kiwi homeowners exposed, with 30% unsure their cover would fully replace a total-loss house.
Materials shortages and labour pressures have pushed CoreLogic’s residential construction index to its steepest annual rise since late 2012.
Higher building costs and rates rises are set to force developers to shelve projects, threatening new home supply and affordability.
Rising material costs and supply chain disruption are forcing builders to rethink budgeting, with digital tools increasingly filling the gap.
Labour shortages and supply bottlenecks are pushing New Zealand construction inflation to one of the OECD’s highest levels.
Homeowners face higher rebuild insurance bills as labour and materials shortages pushed residential construction costs up 2.2% in June.
Digital delivery and new construction tech are speeding up projects, with the supreme award-winning water scheme completed in a year.
Busy sites, labour shortages and timber scarcities are pushing New Zealand house build costs higher, with CoreLogic flagging more rises ahead.
Higher build and rent costs are squeezing occupiers, with Sydney's industrial market now showing wider price gaps and slower dealmaking.
Rising insurance costs and labour shortages are pushing builders towards offsite steel framing, after a Michigan multifamily project sped up by 30%.
Interstate freight bills are squeezing supply chains, with TMX Transform data showing some routes now cost up to 14 times local delivery rates.