Housing construction costs rose 1% over the December quarter

CoreLogic’s national Cordell Housing Index Price rose by 1.0 per cent over the three months to December 2020, after the previous quarter increased by a lower 0.6 per cent.

The Cordell Housing Index Price (CHIP) measures the rate of change of construction costs within the residential market and covers freestanding and semi-detached single and two storey dwellings.

The final index for 2020 showed residential construction costs were 3.6 per cent higher annually. Meanwhile, figures show the…