What is the difference in cost between timber and steel framing?

This naturally varies with the volume purchased and the design adopted. However, generally, steel is similar in cost to timber – the final constructed cost will be the same or less for a house of comparable size and quality. Although framing costs are only around 10% of the total building cost, steel provides other cost advantages too. As it is a lot faster to erect and frames are much easier to handle there are usually no call-backs or cracking to plaster linings, which reduces labour costs.