Surprise increase in building starts
“The number of new homes commencing construction in the June (2019) quarter increased by 1.1 per cent, the first increase since December 2017,” said Tim Reardon, HIA Chief Economist.
Author: Get Building
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,…
Economic growth concerns weigh on property industry sentiment
Property industry sentiment across Australia has retreated from its post-federal election bounce to below the historical average according to the latest ANZ/Property Council Survey for the December 2019 quarter.
HIA welcomes focus on Australia’s VET sector
The Housing Industry Association (HIA) welcomes the Federal Government’s focus on improving and reforming Australia’s Vocational Education and Training sector.
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…
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Abbie Galvin Appointed as 24th Government Architect of NSW
We are excited to announce that BVN Principal Abbie Galvin has been appointed by the NSW Minister for Planning and Public Spaces, The Honourable Rob Stokes MP, as the 24th Government Architect of NSW.
Residential pipeline restocked with new sites
New townhome sites in Altona North and Merrifield North in Melbourne, Victoria.
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.
First home buyer deposit scheme moves ahead
HIA welcomes the Government’s introduction of the National Housing Finance and Investment Corporation Bill (NHFIC) providing a platform to establish the First Home Loan Deposit Scheme announced during 2019’s Federal election.
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.
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…