Building approvals fell 3.1 per cent in March - HIA
The Australian Bureau of Statistics today released its monthly building approvals data for March for detached houses and multi-units covering all states and territories.
Easing of restrictions for home building a welcome relief: HIA
HIA welcomes the Victorian Government’s announcement that there will be an early easing of restrictions for all construction sites, including home building and renovation sites, from this Friday.
Building shutdown disappointing and challenging says HIA
The HIA says the decision by the Victorian Government to shutdown all building sites in Melbourne and certain municipalities for the next two weeks is both disappointing and challenging for the residential building industry.
Record quarter for detached home construction in June - HIA
“Figures released by the ABS show the value of work done on detached houses surged in the June quarter to reach the highest level on record, exceeding the previous record set in March,” said Angela Lillicrap, HIA Economist.
“The number of land sales in the March 2021 quarter declined by 31.2 per cent compared to the previous quarter, to be 42.5 per cent lower than the previous peak in the September 2020 quarter,” said HIA Economist, Angela Lillicrap.
The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading indicator of future detached home construction.
