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New Zealand's construction costs rose 0.9% in Dec 2025, with housing approvals up 6.2% yearly.
New Zealand's construction costs rose 0.9% in the December 2025 quarter, with annual growth at 2.3%, approaching the long-term average but still below post-pandemic peaks.
Elevated material and labor costs persist, though inflation has cooled since 2022's highs.
Residential building consents rose 6.2% year-on-year, signaling recovery driven by lower mortgage rates and improved lending rules.
Industry experts expect modest growth in 2026, with a repeat of the pandemic-era surge unlikely.
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Los costos de construcción de Nueva Zelanda subieron un 0,9% en diciembre de 2025, y las aprobaciones de viviendas aumentaron un 6,2% anual.