Where will future housing affordability gains be made?
“The cuts to interest rates have more than offset the rise in home prices to ensure an ongoing improvement in housing affordability,” stated Tim Reardon, HIA’s Chief Economist.
Category: Building
Smashing all records
“The amount of commercial building approval surged during August (2019) to record its strongest ever monthly performance,” Master Builders Chief Economist Shane Garrett said.
Prefabricated & tilt-up safety guide
Safe Work Australia has developed a guide on the safe use of prefabricated, tilt-up and concrete elements.
Expensive properties drive market rebound
After recording the largest losses during the recent housing market downturn, the premium end of Sydney and Melbourne’s housing market is driving the rebound in capital gains.
First home buyers near 8-year high as housing recovery strengthens again
“The First Home Buyer share of the home loan market has increased to its highest since early 2012 while investor lending has risen for the second consecutive month,” Master Builders Australia’s Chief Economist Shane Garrett said.
Interest rate cuts starting to support home building
“We could be seeing the early signs of the positive impacts from recent policy stimulus with lending for both new and existing homes up for the month and the quarter,” stated HIA Economist, Tom Devitt.
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.
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,…
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…
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.