What is pushing up house construction costs?

A Property and Build article.

The March quarterly growth is the highest rate of construction cost inflation since Q1 2019, and far above the 0.6% and 0.4% increases throughout Q3 and Q4 2020 respectively, according to CoreLogic’s Cordell Housing Index Price.

The Arcadis 2021 International Construction Costs report also found Auckland and Christchurch to be in the top 20 most expensive cities to build.

We may now be seeing the clear impact of a busy construction sector flowing through to faster cost rises.

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