Cost pressures in the building industry are continuing to ease, according to the latest figures from QV's CostBuilder database. CostBuilder follows pricing trends for more than 60,000 separate building industry costs. The figures suggest price increases are likely slowing even further with costs increasing by just 0.3% over the three months to the end of May. "The rate of building cost inflation is certainly on the wane," QV CostBuilder spokesman and quantity surveyor Martin Bisset said. "This will be welcome news to all those who are currently contemplating or pricing up new building projects."

Source: New Zealand Herald June 10, 2024 03:36 UTC