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Australian PCI®: Construction decline eases as house building approaches stability

The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) climbed 1.3 points to 43.9 in October (2019), indicating a slight easing in the construction industry’s overall rate of contraction (readings below 50 indicate contraction in activity, with the distance from 50…

Nov 7, 2019

Smashing all records

“The amount of commercial building approval surged during August (2019) to record its strongest ever monthly performance,” Master Builders Chief Economist Shane Garrett said.

Oct 18, 2019

Prefabricated & tilt-up safety guide

Safe Work Australia has developed a guide on the safe use of prefabricated, tilt-up and concrete elements.

Oct 18, 2019

Interest rate cuts starting to support home building

“We could be seeing the early signs of the positive impacts from recent policy stimulus with lending for both new and existing homes up for the month and the quarter,” stated HIA Economist, Tom Devitt.

Oct 10, 2019

Australian PCI®: Construction continues to decline in September 2019

The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) dropped 2.0 points to 42.6 in September (2019), indicating a sharper rate of decline as the construction industry recorded a 13th consecutive month in contraction (readings below 50 indicate contraction in activity,…

Oct 8, 2019

Housing market warms up but home building still cooling

“There may have been positive developments in the broader housing market since mid-year but both the HIA New Home Sales Report and ABS building approvals figures show that new home builders were still feeling the winter chill in August (2019) ,” stated HIA Senior Economist…

Oct 2, 2019

Residential pipeline restocked with new sites

New townhome sites in Altona North and Merrifield North in Melbourne, Victoria.

Sep 24, 2019

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Stable population growth will support building activity

“Stable population growth is a welcome development for the residential building industry as it will support the industry as it recalibrates to a new equilibrium level,” stated HIA’s Economist, Angela Lillicrap.

Sep 23, 2019

Housing construction slow-down impact on GDP

The September 2019 GDP figure reflects the impact of the slow-down in housing construction activity on the Australian economy.

Sep 9, 2019

Australian PCI®: Construction decline eases in August 2019

Ai Group Head of Policy, Peter Burn, said: “Activity fell for the eleventh consecutive month across the Australian construction industry in August (2019). Activity declined in the residential sectors and in commercial and engineering construction. Apartment building led the way with another steep drop that…

Sep 9, 2019

News

Davco announces top regional tilers in Australia’s Best Tiler competition

It can be said that Australia’s Tilers have a true love of their trade, are talented and skilled craftsman, and supporting their local community is an important part of their lives. These are the qualities Davco, the expert in tiling systems, confirmed at its recent…

Sep 9, 2019

Engineering construction slumps as industry waits on infrastructure

“The need to fast-track the rollout of infrastructure projects has grown more urgent following the June quarter slump in engineering construction activity to be at its lowest level in a decade,” Shane Garrett, Chief Economist of Master Builders Australia said.

Aug 29, 2019