Approvals Rebound from October Low
Building approvals rebounded in November after recording their lowest level in 29 months in October
2011, said the Housing Industry Association, the voice of Australia’s residential building industry.
New Home Sales Bounce on First Rate Cut
The first interest rate cut in two and a half years had an immediate impact on the new home building
sector.
Construction Weakness Eases With Lift in Resource Sector Work
A boost in resource-related engineering construction helped ease the rate of decline across the national construction sector in December. The Australian Industry Group Australian Performance of Construction Index (Australian PCI®) in conjunction with the Housing Industry Association, increased by 1.4 points to 41.0 in December although it remained below the 50 point level separating expansion from contraction for the 19th consecutive month.
Small businesses buckling under tax pressure: research
Corporate bankruptcies rose to a record high last year as small businesses buckled in the face of an end to government ...
Job vacancy numbers fall in 3 months to Nov: ABS stats
A fall in job vacancies in the latter months of 2011 is a warning that the unemployment rate is likely to edge up in the ...
Construction activity continues to weaken for 19th month
Activity in the construction sector has contracted for the 19th consecutive month, reflecting very weak local building ...
New home owners boost must be extended: economist
A building incentive scheme to lure new home owners needs to be extended not extinguished says a leading economist.
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