{"id":647039,"date":"2026-10-31T16:22:52","date_gmt":"2026-10-31T16:22:52","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/647039\/"},"modified":"2026-10-31T16:22:52","modified_gmt":"2026-10-31T16:22:52","slug":"construction-costs-flattened-out-in-october-in-spite-of-higher-diesel-costs","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/647039\/","title":{"rendered":"Construction costs flattened out in October, in spite of higher diesel costs"},"content":{"rendered":"

Construction costs increased only marginally overall in October, in spite of a substantial increase in diesel costs.<\/p>\n

According to the QV CostBuilder Index, which recorded more than 7000 individual construction cost changes over October, the cost of diesel was up 19% since September and up 76% since February.<\/p>\n

That impacted fuel intensive parts of the construction industry, with excavation costs up 3.9% for the month and piling and demolition both up 0.6%.<\/p>\n

However, it did not translate into broad-based construction cost inflation, with some costs rising while others fell.<\/p>\n

Notable increases included processed timber products, up 6.2% for the month, medium density fibreboard up 2.8%, reinforcing up 2.7%, roofing and cladding up 1.6% and insulation up 1.1%.<\/p>\n

Heading in the opposite direction, costs for adhesives and sealants declined 4.2% for the month, kitchen-related costs were down 1.2% and structural timber costs dropped 0.2%.<\/p>\n

“Some products are moving up relatively sharply, some are coming back and others are barely changing at all,” QV CostBuilder quantity surveyor Martin Bisset said.<\/p>\n

Overall, construction costs increased marginally by 0.1% in October.<\/p>\n

Bisset said anyone budgeting for construction work should continue to allow for movement in costs, particularly in fuel-sensitive parts of a project.<\/p>\n

“The overall picture is relatively steady but that doesn’t mean every part of \u00a0a build is standing still,” he said.<\/p>\n

“Where your costs will move most depends heavily on what you’re building, what materials you need and how exposed the job is to fuel,” Bisset said.<\/p>\n

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