Builders and tradies remain open for business and are complying with the social distancing and hygiene rules, in line with the latest advice from government.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) dropped by 16.3 points to 21.6 in April 2020, pointing to the weakest overall performance for the construction industry since the survey began in September 2005 (readings below 50 indicate contraction in…
“Building approvals rose by 1.8 per cent in the March quarter 2020 compared to the previous quarter, providing further evidence that the housing market had momentum going into 2020,” stated HIA Chief Economist, Tim Reardon.
The NSW Government must urgently progress legislation designed to prevent the construction of poor quality or unsafe buildings such as Opal and Mascot Towers, Local Government NSW (LGNSW) said.
Key criteria for the transparent fast-tracking of development and construction to create jobs and boost employment were on the right track, Local Government NSW (LGNSW) said.
“Further support for Victorian’s rebuilding their homes after the bushfires will be a very welcome step for home owners and their builders,” said HIA’s Victorian Executive Director, Fiona Nield.
“As the Australian government looks to respond to the current global financial uncertainty and identify appropriate policies and stimulus measures to enact, the residential building industry should be one of the most supported,” said HIA Chief Executive Industry Policy, Kristin Brookfield.
The 2020 Infrastructure Priority List reveals the scale of the challenge for Australian governments in addressing emerging and enduring infrastructure needs.