Mike Blackburn: Cordell Construction Cost Index shows a 1.6 percent increase in cost of building materials

Early Edition with Ryan Bridge · Nov 15, 2021 · 3m

The cost of materials for house construction continue to climb.

The Cordell Construction Cost Index shows a 1.6 percent increase in the three months to September- almost twice the expected increase.

Disruptions to the supply chain, and increased demand for housing are being blamed for the price jumps.

Construction Management consultant Mike Blackburn told Kate Hawkesby the industry has been flat out.

“We’re building more houses in New Zealand than we’ve ever built in history.”

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