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.
Tag: construction
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…
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…
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.
Commercial construction faced mixed outlook after a high
Forecasts released by Master Builders Australia suggest that the next few years will be a bit softer on the commercial building front.
New home building forecast to weaken further
There is no immediate end in sight to the new home building slump but a recovery is certainly on the horizon, according to forecasts released by Master Builders Australia.
Transport infrastructure wave to spur construction higher
The impending rollout of major government-led transport infrastructure will be good news for thousands of small construction businesses across Australia, according to newly-released forecasts from Master Builders Australia.
Construction opportunities coming
The NT Department of Local Government, Housing and Community Development will be releasing a Request for Proposals for the construction of Social Housing Head Leased dwellings in Darwin and Tennant Creek.
VET agreement essential to renew focus on trade training
The COAG meeting of state and territory leaders with the Prime Minister presents a golden opportunity to bring the VET sector back into the frame of Australia’s education system. Vocational education and trade training must receive the same recognition as other education pathways.
Australian PCI®: Construction drops more sharply in July 2019 amid weaker demand
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell by 3.9 points to 39.1 in July (2019), recording the construction industry’s steepest overall rate of contraction in six years (readings below 50 indicate contraction in activity, with the distance from…
Stimulus measures yet to expand lending for new homes
“Lending to households building and purchasing new homes fell again in June (2019) to be 12.8 per cent lower in 2018/19 than in the previous year,” stated HIA’s Senior Economist, Geordan Murray.
National agreement to lead to better building standards and regulation
The Property Council of Australia has welcomed today’s (July 18 2019) agreement by Commonwealth, State and Territory building ministers on a national approach to implementation of reforms which will lead to better enforcement and compliance with building standards and regulation.