The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell by 0.8 points to 58.3 in May, largely maintaining the strong pace of post-2020 recovery following on from a record high in March (readings above 50 indicate expansion in activity, with…
“Figures released by the ABS today (May 26 2021) show work done on detached houses and renovations surged in the March quarter,” said Angela Lillicrap, HIA Economist.
“A record number of detached housing starts will occur in the 12 months to September 2021 with more than 146,000 detached houses commencing construction. This is more than 20 per cent higher than the peak of the previous boom in 2018,” stated HIA Economist, Angela…
The Grattan Institute’s latest report Megabang for megabucks finds Australia’s transport infrastructure is overpriced and suggests government should drive harder bargains and stop worrying about the profitability of the industry.
HIA is proud to announce the appointment of its new national Vice President, Ms Debbie Johnson. Debbie is the second female to be elected to this position.
“The building industry is continuing to attract workers from across the economy as it experiences the most significant skill shortage since 2004,” stated HIA Economist, Angela Lillicrap.