MANILA, Philippines – The New Senate building in Taguig City costs a whopping P33 billion, according to Sen. Alan Peter Cayetano. He disclosed it during a press conference on Thursday ...

Citing a letter from the Department of Public Works and Highways (DPWH), Cayetano said the projected cost of the building was now P31.67 billion, or P33.07 billion if the furniture and land were ...

The average 30-year fixed mortgage rate hit a whopping 7.23% in August, an eye-watering number for anyone looking to buy a house. And many prospective homebuyers have decided that if they have to ...

Persimmon Plc warned that build costs have started to increase and are likely to rise further following the UK budget. The homebuilder is starting to see signs of cost inflation emerging in price ...

Build cost inflation was the scourge of the construction industry in 2022 and 2023, causing fixed-priced contracts to become loss-making and jittery clients to pull the plug. This year it has ...

Homes with prefabricated, factory-built features are less expensive to build than traditional stick-built homes. Architectural style can also impact the cost of construction, with simpler designs ...

The cost of building homes has risen over the past quarter across Australia, according to CoreLogic’s Cordell Construction Cost Index (CCCI). Costs increased by 1 per cent over the third quarter ...

But considerations such as high land costs and a long entitlement and permitting process may impact these decisions more than building costs, he said. Plus, even with increases slowing ...

An input price index is determined on the basis of price changes of the various cost components making up the product - in this case a new dwelling. Changes in the prices of building equipment (tools ...

Shares fell 5% in morning trading on Wednesday. “We are seeing some signs of build cost inflation beginning to emerge in price negotiations for 2025 and are working closely with our supply chain ...