Malcolm Fleming: Certified Builders Chief Executive on good signals in the construction sector

Good signals in the construction sector with costs much lower than the industry expected. 

The latest Cordell Construction Cost Index shows a 1.1% rise in the three months to June. 

Annual growth is at 3.5% - below the long-term average of around 4%. 

Certified Builders Chief Executive Malcolm Fleming told Ryan Bridge with the backdrop of the Iran war, they're surprised by the minimal rise. 

He says there is enthusiasm from industry we're at the bottom of a cycle and on the way up. 

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