new housing
The cost of building a standard three bedroom house rose just +1.1% in the 2024 year, down from 2023’s rise of +2.4% and well below the spike of +10.4% in 2022
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The cost of building a standard three bedroom house rose just +1.1% in the 2024 year, down from 2023’s rise of +2.4% and well below the spike of +10.4% in 2022
Total annual value of building work on new homes down nearly $5 billion over the last two years
The cost of building a standard three bedroom house declined by 1.1% in the June quarter
Residential building cost inflation dropped to 1.8% in 12 months to May this year from 4.9% in the 12 months to December 2023
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Residential building cost inflation dropped to 1.8% in 12 months to May this year from 4.9% in the 12 months to December 2023
CoreLogic says developers and builders may not be able to keep charging a price premium for new homes
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CoreLogic says developers and builders may not be able to keep charging a price premium for new homes
A decline in the number of new homes being completed in Auckland may not be the start of an expected downturn in housing supply
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A decline in the number of new homes being completed in Auckland may not be the start of an expected downturn in housing supply
More new homes being built but they are taking longer to finish as the effect of industry disruptions come home to roost
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More new homes being built but they are taking longer to finish as the effect of industry disruptions come home to roost
Auckland builders still busy with 13,865 new homes completed in the region last year
The supply of new housing has exceeded population-driven demand by almost 60,000 homes over the last two years
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The supply of new housing has exceeded population-driven demand by almost 60,000 homes over the last two years
The number of new homes being consented is flattening but there's still strong growth in residential alteration work and commercial building consents
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The number of new homes being consented is flattening but there's still strong growth in residential alteration work and commercial building consents
New figures suggest residential construction may have been declining for the last 12 months
New home construction in Auckland is down 9.4% on a year ago
New residential construction work is still showing growth, non-residential work has slowed
More than 14,000 new homes a year being built in Auckland and that could increase by a third in the next 2 years
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More than 14,000 new homes a year being built in Auckland and that could increase by a third in the next 2 years
Building consents for commercial buildings dropped much more sharply in April than consents for new dwellings
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Building consents for commercial buildings dropped much more sharply in April than consents for new dwellings