Half a Million Jobs at Risk
New forecasts say new home building will fall by almost 50 per cent, putting half a million jobs at risk over the next year, said HIA.
Category: Building
New home building to contract in second half of 2020
“New home sales have fallen by 22.8 per cent since the introduction on COVID-19 restrictions,” stated HIA’s Chief Economist, Tim Reardon.
Starting an outdoor project? Dial Before You Dig is the Essential First Step
Australia is now in a pandemic with the rest of the world as Coronavirus (COVID-19) continues to spread.
Home builders & tradies are open for business
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.
Construction index plunges in April 2020 to record low level
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 remained steady in March 2020 quarter
“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.
Building reforms must not be delayed
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.
Cautious support for fast-track development criteria
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.
Key bushfire standard open access for all
The construction of buildings in bushfire-prone areas standard will soon be available to everyone.
Planning support for bushfire affected Victorians welcome
“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.
Builders back well targeted stimulus
The Government’s $17.6 billion stimulus package should bolster economic resilience in the face of the current challenge.
Housing market conditions strength in January 2020
“Improvements in the overall housing market are filtering through to new home building conditions,” commented HIA Chief Economist, Tim Reardon.