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New Zealand house construction costs rise at fastest rate in two years
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Housing construction costs in New Zealand surged by 1.3 per cent over the first quarter of 2021.
Housing construction costs in New Zealand surged by 1.3 per cent over the first quarter of 2021, according to the latest CoreLogic Cordell Housing Index Price (CHIP). 
The CHIP report measures the rate of change of construction costs in the residential market and covers freestanding and semi-detached single and two-storey homes.
The latest report shows the March quarterly growth is the highest rate of construction cost inflation since the first quarter of 2019, and far exceeds the 0.6 per cent and 0.4 per cent increases throughout the third and fourth quarters of 2020. ....

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