New Home Sales Drop in May
A big drop in new home sales in May serves as a timely reminder that a sustained recovery in home building cannot rely solely on first home buyer activity claimed the Housing Industry Association (HIA) on the release of its latest survey of the nation’s largest builders.
Dwelling Approvals Sink in May
Cold water has been poured on suggestions of an over-heated housing sector with building approvals dropping 12.5 per cent in May. The set-back means that approvals are again battling to remain above the record lows of late 2008, said the Housing Industry Association, Australia’s largest building industry organisation.
Builder Confidence Buoyed by Government Stimulus
A rebound in builder sentiment is now evident as the Government’s fiscal stimulus starts to kick in, according to Master Builders Australia’s National Survey of Building and Construction.
Investors Sit on the Sidelines as Approvals Fall Back
The economic downturn and credit squeeze are forcing investors to delay unit and townhouse developments, according to Master Builders Australia, the peak body for the building and construction industry.
Master Builders Commits to Jobs Under Energy Efficient Homes Program
Master Builders Australia, the peak body for the building and construction industry, today made a commitment to working with the Australian Government in efforts to encourage builders and subcontractors to engage and train jobseekers despite the difficult economic period ahead.
New Green Star framework to assess best practice for product certification schemes
The GBCA has released a new Assessment Framework for Product Certification Schemes as part of its ongoing review of the Green Star environmental rating system for buildings.
The bright spot of sustainable building
While the world's global financial crisis continues to dominate the end-of-financial year headlines, results from the Green Building Council of Australia (GBCA) suggest that sustainable building is a bright spot for the Australian economy.
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