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Tradesmen can be seen working on the roof of a house under construction at a housing development located in the western Sydney suburb of Oran Park in Australia on Oct. 21, 2017. David Gray/Reuters
Rising construction costs have slowed for the first time in two years as a drop in new home builds eases demand for materials and labour.
The cost of building a home or renovating recorded its lowest average increase last month since September 2020, with potential knock-on effects for the housing market and inflation.
