Early Edition with Kate Hawkesby

The cost of building a new home's starting to stabilise.  Figures from QV CostBuilder show the average cost to build a three-bedroom home in main centres has risen by 1.8% for the year, and 0.3% this quarter.   It compares to an annual average increase of nearly 5% last December, and nearly 10% last June.  Newstalk ZB’s Resident Builder Pete Wolfkamp told Mike Hosking that the main difficulty builders were facing over the last years were prices rising after they’d been locked into a fixed term contract.  He said that it puts enormous pressure on projects to keep their costs to a reasonable level, which was incredibly difficult.  LISTEN ABOVE See omnystudio.com/listener for privacy information.