Tag: construction

“Housing finance figures released today (August 5 2020) show that home buyers were tentatively returning to the market in June (2020) in response to the initial easing of COVID-19 related restrictions and the announcement of the HomeBuilder program,” commented HIA Senior Economist, Geordan Murray.

“There was a modest lift in dwelling starts in the March 2020 quarter but new starts were still eclipsed by completions. There were more new homes completed than new projects getting underway and as a consequence there are now fewer active building sites around the…

“New Home Sales have risen by 77.6 per cent in June (2020), from a record low result in May (2020), off the back of the Government’s HomeBuilder program announced at the beginning of the month,” commented HIA Chief Economist, Tim Reardon.

The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) rose by 10.6 points to 35.5 in June (2020), indicating that business conditions remained negative across the construction industry but the pace of contraction eased from the record lows experienced since March…