There's ongoing concerns for the construction sector, with fewer new builds being considered. 

Corelogic's latest construction index shows just a 1.1% increase in cost during the September quarter.  

Overall cost growth remains subdued, reflecting an easing of pressure for labour and materials. 

Combined Building Supplies Co-op chair Carl Taylor told Mike Hosking the increase in land costs isn't aiding the industry. 

He says a 400-square metre section at Preston's Subdivision in Christchurch was $250,000 two years ago, and is now half a million. 

LISTEN ABOVE 

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

There's ongoing concerns for the construction sector, with fewer new builds being considered. 
Corelogic's latest construction index shows just a 1.1% increase in cost during the September quarter.  
Overall cost growth remains subdued, reflecting an easing of pressure for labour and materials. 
Combined Building Supplies Co-op chair Carl Taylor told Mike Hosking the increase in land costs isn't aiding the industry. 
He says a 400-square metre section at Preston's Subdivision in Christchurch was $250,000 two years ago, and is now half a million. 
LISTEN ABOVE 
The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

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Carl Taylor: Combined Building Supplied Co-op Chair on the increase in building costs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/89c0040f-9889-4426-8906-b20a01498c2c/transcript