Competition in construction is forcing builders to scrape by with low margins. 

Corelogic's Construction Cost Index shows building costs have dropped 1.1% in the three months to June, 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 told Andrew Dickens 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.

LISTEN ABOVE

Competition in construction is forcing builders to scrape by with low margins.  
Corelogic's Construction Cost Index shows building costs have dropped 1.1% in the three months to June, 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 told Andrew Dickens 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. 
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

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