
New housing costs rising at fastest pace on record
National residential construction cost pressures have continued to escalate, with both quarterly and annual rates of indexed growth reaching new record highs, CoreLogic finds
CoreLogic NZ’s Cordell Construction Cost Index (CCCI) for Q2 2022 indicates the cost to build a ‘standard’ 200 sqm three-bedroom, two-bathroom single storey brick and tile house in Aotearoa rose 2.6% over the quarter, lifting annual growth to 7.7%, the largest increase since the CCCI commenced in late 2012. Continue →