Building Archives - Page 14 of 40

Australian PCI®: Construction decline eases in February 2020

The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 1.4 points to 42.7 in February 2020, with further improvement in house building activity contributing to the industry’s milder rate of decline this month (readings below 50 indicate contraction in…

Mar 4, 2020

Building approvals stable in January

“Building approvals in the three months to January 2020 increased by 4.9 per cent compared to the previous three months but remain 2.3 per cent lower than the same time last year (2019),” stated HIA Economist, Angela Lillicrap.

Mar 3, 2020

Lenders must pass full interest cut on to borrowers

“Banks and other lenders need to pass today’s (March 3 2020) rate cut on in full without delay,” Master Builders Chief Economist Shane Garrett said.

Mar 3, 2020

Welcome focus on waste, water in Infrastructure Australia Priority List

The Green Building Council of Australia (GBCA) fully endorses the latest edition of Infrastructure Australia’s Priority List released, welcoming the elevation of critical issues including new High Priority National Initiatives on water, waste and coastal inundation, tied to the central theme of resilience that headlined…

Feb 26, 2020

Skills shortage remains despite slow down in building

“Despite the housing market cooling during 2019, demand for skilled trades workers remains strong, with demand in Sydney, Melbourne and Brisbane exceeding availability,” said HIA Economist, Angela Lillicrap.

Feb 19, 2020

First Home Buyer scheme support millenials and regions

“New data released by the Housing (Supply) Minister shows that the Federal Government’s First Home Loan Deposit Scheme is already helping millennials achieve their home ownership aspirations and giving a boost to regional areas,” said HIA Chief Executive Industry Policy, Kristin Brookfield.

Feb 18, 2020

victoria rural property town stock image

Demand for residential land picks up

“Residential land sales have increased by 45.9 per cent from their record low in the March 2019 quarter,” said HIA Economist, Angela Lillicrap.

Feb 18, 2020

Lending for new homes continues to grow

“Lending to first home buyers increased by 6.2 per cent in the month of December 2019 to be up by 3.6 per cent for the quarter. This is the highest number of first home buyer loans since December 2009,” said Angela Lillicrap, HIA Economist.

Feb 13, 2020

Australian PCI®: Construction downturn eases in January 2020 as house building activity improves

The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 2.4 points to 41.3 in January 2020, with the industry’s milder decline this month reflecting less pronounced reductions in activity and new orders (readings below 50 indicate contraction in activity,…

Feb 5, 2020