Carl Taylor: Combined Building Supplied Co-op Chair on the increase in building costs

There's ongoing concerns for the construction sector, with fewer new builds being considered.  Corelogic's latest construction index shows just a 1.1% increase in cost during the September quarter.   Overall cost growth remains subdued, reflecting an easing of pressure for labour and materials.  Combined Building Supplies Co-op chair Carl Taylor told Mike Hosking the increase in land costs isn't aiding the industry.  He says a 400-square metre section at Preston's Subdivision in Christchurch was $250,000 two years ago, and is now half a million.  LISTEN ABOVE See omnystudio.com/listener for privacy information.