Economy / Building

Building costs escalate, materials running out

12:17 pm on 7 September 2021

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Builders are refusing to offer fixed price quotes due to the escalating cost of construction materials - which are running out. Mortgage brokers say banks favour fixed price builds, and getting a loan could become harder without them. The pinch is already slowing down construction projects nationwide. Master Builders' president Kerry Archer spoke to Māni Dunlop.