Source: Labour Party – Press Release/Statement:
Headline: Offsite manufacturing will cut $32,000 off cost of new house
Labour’s Kiwibuild programme combined with offsite manufacturing and prefabrication will knock up to $32,000 off the cost of a standard home, says Labour’s Housing spokesperson Phil Twyford.
Mr Twyford was responding to a policy paper produced by BRANZ and Prefab NZ which estimates prefabrication can save about 15% of total construction cost, cutting $32,000 from a $246,000 157 sq m house. The paper says an additional $15,000 can be saved through bulk buying of building materials, taking the potential saving to $47,000.
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