NZ building construction costs set to accelerate, NZIER says

Thu, 16 Oct 2014

By Tina Morrison Oct. 16 (BusinessDesk) - New Zealand building costs are expected to accelerate at the fastest pace since the last construction boom in the mid-2000s, driven by demand from expansion in Auckland and the rebuilding of earthquake devastated Christchurch, Non-residential construction cost inflation will average 4.3 percent a year over the next three years, the highest sustained inflation in the sector since the construction boom of the mid-2000s, according to a forecast by the New Zealand Institute of Economic Research for pr...

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