Detached housing and renovations surge in March quarter
“Figures released by the ABS today (May 26 2021) show work done on detached houses and renovations surged in the March quarter,” said Angela Lillicrap, HIA Economist.
Tag: industry
A record year of house building is underway
“A record number of detached housing starts will occur in the 12 months to September 2021 with more than 146,000 detached houses commencing construction. This is more than 20 per cent higher than the peak of the previous boom in 2018,” stated HIA Economist, Angela…
Skilled trades in high demand in the March 2021 quarter
“The building industry is continuing to attract workers from across the economy as it experiences the most significant skill shortage since 2004,” stated HIA Economist, Angela Lillicrap.
Budget reveals population growth as biggest constraint on economy
The property industry has commended the Federal Government on the continued strong management of Australia’s remarkable economic recovery, but flagged that population growth was clearly the biggest constraint on recovery.
Budget shifts gear to the longer term
“From an industry perspective, the Government’s second budget in a year locks in the recovery from recession and shifts gears from emergency measures to investing in the economy for the longer term,” Innes Willox, Chief Executive of the national employer association Ai Group said.
Budget 2021 asserts the value of infrastructure investment
The Australian Constructors Association (ACA) welcomes the 2021-22 Federal Budget which affirms the critical role of the construction industry in rebuilding the Australian economy.
Property industry welcomes big federal infrastructure spend
The Property Council of Australia has welcomed the Federal Government’s strengthened infrastructure commitment and details of major new infrastructure projects to be funded in 2021-22’s Federal Budget.
Australian PCI®: Construction industry stays close to historic high in April 2021
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell by 2.7 points to 59.1 in April 2021, continuing to indicate a strong pace of post-2020 recovery in the wake of March’s record high (readings above 50 indicate expansion in activity,…
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.
Local economy rebounding strongly
Goulburn Mulwaree’s building approval growth is exceeding all estimates, as new data shows the region is on track for the highest value of residential building approvals ever recorded.
Demand for residential land elevated
“The announcement of HomeBuilder in June 2020 spurred demand for residential land across the country,” said HIA Economist, Angela Lillicrap.
March madness sees new home sales spike
“New Home Sales were 39.4 per cent higher in the March 2021 quarter than the same time the previous year,” stated HIA’s Economist, Angela Lillicrap.