Metricon is the biggest, but not the only, home builder feeling the heat of surging costs. It’s a sector-wide problem - and risks becoming a problem for the whole economy.
to stop buying “conflict timber” from Russia in the wake of declarations earlier that month by global forestry bodies about timber from that country and ally Belarus.
The big exception to rising prices across the board was a 12 per cent drop in the cost of trades for site preparations. This reflected the hangover from a year earlier, when home buyers and builders rushed in the March quarter to kick off construction of their HomeBuilder-subsidised dwellings, HIA executive director for industry policy Geordan Murray said.Advertisement
“Some house builders reported falling demand by customers concerned about price escalation and higher interest rates,” the PCI report said.“The cost of materials isn’t going to increase in the next 12 months like it did in the past 12 months,” said HIA chief economist Tim Reardon.– but simply that the rate of gain will slow, he said.
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