Detached dwelling approvals reach new record
“Detached building approvals in March reached their highest level since the ABS began this series in 1983,” stated Senior Economist, Nick Ward.
Category: Building
Construction industry hits record high in March 2021
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) climbed by 4.4 points to 61.8 in March 2021, delivering the strongest monthly result in the index’s history (readings above 50 indicate expansion in activity, with higher results indicating a faster expansion).
Braybrook development the future of housing
The Victorian Government is delivering a new generation of sustainable public housing in the heart of Melbourne’s booming west.
Orchard Piper receives permit for $120m East Melbourne site
Melbourne-based architectural developer Orchard Piper has received a planning permit for a 9- storey mixed-use development at 364 – 370 Albert Street, East Melbourne, fronting Fitzroy Gardens.
Record month for detached building approvals will guarantee jobs
“Detached building approvals in February (2021) reached their highest level on record since the ABS began the series in 1983,” stated HIA Chief Economist, Tim Reardon.
Loans for new home building sets new record
“The number of loans for the construction of a new dwelling rose in February marking six consecutive months of record highs,” stated HIA’s Chief Economist, Tim Reardon.
Gyprock proudly displays the Australian Made and Owned logo
Australia’s most successful and innovative plasterboard manufacturer, Gyprock, has announced its support of the Australian Made Campaign (AMCL) to promote Australian manufacturers in the building and construction industry, with all Gyprock products certified to display the Australian Made and Owned logo.
Strong market confidence carries new home sales into 2021
“New Home Sales increased in February 2021 to be 1.7 per cent higher than February last year (2020), prior to the impact of COVID restrictions on new home sales,” stated HIA’s Economist, Angela Lillicrap.
TAFE students help build $20.25m facility for SW TAFE
South West TAFE construction students will help build a multimillion-dollar Learning and Library Hub at the Warrnambool campus as part of the Victorian Government’s Big Build Apprenticeships program.
Construction industry recovery continues in February 2021
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) eased slightly by 0.2 points to 57.4 in February (2021), continuing the recovery seen in late 2020 (readings above 50 indicate expansion in activity, with higher results indicating a faster expansion).
HomeBuilder continues to drive record home building activity
Home lending in Australia smashed more records in January (2021) thanks to the continued roll out of the HomeBuilder scheme.
Loans for new home building continue to break records
“The number of loans for the construction of a new dwelling rose for the seventh consecutive month and reached a new record in January (2021),” stated HIA’s Economist, Angela Lillicrap.