The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 2.4 points to 41.3 in January 2020, with the industry’s milder decline this month reflecting less pronounced reductions in activity and new orders (readings below 50 indicate contraction in activity, with the distance from 50 indicating the strength of the […]
“Lending to households building and purchasing new homes remained soft in November (2019) despite the steady improvement in the broader housing market during the latter half of 2019,” said Geordan Murray, HIA Senior Economist.
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell 1.1 points to 38.9 in December, 2019 with deteriorating indices for activity, new orders and supplier deliveries contributing to the lowest Australian PCI® result in six and a half years (readings below 50 indicate contraction in activity, with the distance from […]
The lift in GDP for the September 2019 quarter is welcome, but conceals a worrying decline in housing construction which will undermine housing supply and affordability for our growing population.
“The impact of the credit squeeze that caused the rapid deterioration in building conditions over the past 18 months is evident in today’s construction data,” stated Angela Lillicrap, HIA Economist.
“Ai Group welcomes reports that the federal government will boost infrastructure spending over the next few years. Extra infrastructure work will create new jobs and will lift demand for the wide range of products and services supplied to the engineering construction industry. These impacts can be expected to multiply through the broader economy. The boost […]
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) climbed 1.3 points to 43.9 in October (2019), indicating a slight easing in the construction industry’s overall rate of contraction (readings below 50 indicate contraction in activity, with the distance from 50 indicating the strength of the decrease).
“The amount of commercial building approval surged during August (2019) to record its strongest ever monthly performance,” Master Builders Chief Economist Shane Garrett said.
By: FenceWright WA
Safe Work Australia has developed a guide on the safe use of prefabricated, tilt-up and concrete elements.
