Home Building Approvals Rebound in February
Residential building approvals rebounded strongly in February, increasing by 19.9% in seasonally adjusted terms.
Investment in Housing Provides Results
Building approvals rose in February 2009 due to a rise in multi-unit activity and an on-going moderate recovery in detached houses, said the Housing Industry Association, Australia’s largest building industry association.
First Home Buyers Flood Market
First home owners are continuing to have a major impact on New Housing, with grants paid to purchasors of new homes increasing to 26% of all grants paid in February 2009.
Dwelling Approvals Begin to Recover as Stimulus Bears Fruit
A big increase in dwelling approvals is further evidence that stimulus measures are working to spark a recovery, according to Master Builders Australia, the peak body for the building and construction industry.
Mr Peter Jones, Chief Economist, said “Lower interest rates and the first home owners grant ‘boost’ scheme are much needed catalysts to kick-start residential building.”
Wilcox Misses on Building Laws
Master Builders Australia, the peak body for the building and construction industry, today backed the Government’s commitment to maintaining a strong cop on the beat for the building and construction industry but criticised the Wilcox Report for the recommendations on the future of the industry specific laws.
Commission Decision on Redundancy Will Cost Millions
The modern Awards for the building and construction industry released today by the Australian Industrial Relations Commission will increase costs for building and construction industry consumers by millions of dollars. House prices and the costs of commercial construction will rise.
Builder Pessimism Adds to May Budget Challenge
A pessimistic building outlook is likely to translate into significant job losses in 2009 and 2010, despite recent Government fiscal stimulus and aggressive interest rate cuts, according to Master Builders Australia’s National Survey of Building and Construction.
· Home.
Browse Product Library:
· Building & Construction.
· Interior Design.
· Electrical / Electronics.
· Plumbing / Hydraulics.
· Civil Engineering.
· ecospecifier
· Products & Services.
· Contact Us.
· Notice & Disclaimer.
· Privacy Policy.
