Loss of Momentum for New Home Sales
The number of new homes sold moved sideways for the second consecutive month in July, increasing by 0.1 per cent following a 0.5 per cent rise in June, according to the Housing Industry Association (HIA), Australia’s largest building industry organisation.
Multi-unit Approvals Surge in July
Building approvals posted a healthy rise in July with a surge in multi-unit approvals, said the Housing Industry Association, Australia’s largest building industry organisation.
Steady Rates Still Appropriate says HIA
The decision by the Reserve Bank to once again leave the official cash rate steady at 3 per cent is the right decision given uncertainty surrounding the magnitude of near-term recovery in the Australian economy said the Housing Industry Association, Australia’s largest building industry organisation.
Big Fall in Building Work Done as Construction Strength Begins to Fade
Construction work done dipped again in the June quarter with a sharp decline set to unfold as the effects of credit crunch and economic downturn begin to show through, according to Master Builders Australia, the peak body for the building and construction industry.
Welcome Upswing in Dwelling Approvals
A strong increase in dwelling approvals in July was on the back of an overdue rise in unit and townhouse developments, according to Master Builders Australia, the peak body for the building and construction industry.
Fair Work Act Explained to Building Industry
Master Builders Australia, the peak body for the building and construction industry, is closely working with Government in assisting builders, subcontractors and employees better understand their rights and obligations under the Fair Work Act through a series of free seminars and information products.
Building sector in the 'recovery phase', say economists
A second straight monthly rise in building approvals adds further evidence that the housing sector is well and truly in a recovery phase, economists say.
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