A jump in established house prices in the June quarter is not a cause for alarm according to the Housing Industry Association (HIA), Australia’s largest building industry association.
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The prospect of more than 80,000 jobs being lost in the building and construction industry over the next few years is an unlikely proposition said the Housing Industry Association, Australia’s largest building industry organisation.
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Building approvals recovered well in June after a sharp drop the previous month, but multi-unit approvals remained well down on mid 2008 levels, said the Housing Industry Association, Australia’s largest building industry organisation.
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The number of new homes sold moved sideways in June, but were still up by 13 per cent for the first half of the year, according to the Housing Industry Association (HIA), Australia’s largest building industry organisation.
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The latest HIA-Austral Bricks Trades Report shows that in the June 2009 quarter there was a moderate improvement in trade availability and an easing in trade contractor prices.
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The cost of land is increasing nationally, according to the latest residential land report from HIA, Australia’s largest building association, and RP Data, Australia’s leading property information and analytics provider.
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Final figures released today by the Australian Bureau of Statistics confirm that new residential building work fell sharply in the March 2009 quarter.
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A lift in home lending in May points to a green shoot in home building said the Housing Industry Association, Australia’s largest building industry organisation.
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The decision by the Reserve Bank to leave the official cash rate at 3 per cent for the third consecutive month was supported by the Housing Industry Association.
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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.
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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.
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Ron Silberberg, HIA’s Managing Director, announced today his plan to retire from the Association on 30 November.
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HIA, Australia’s biggest residential building association, believes that weak housing starts in the March quarter of 2009 will prove to be the bottom of the housing cycle.
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Total housing loans increased for a seventh straight month in April 2009 said the Housing Industry Association, Australia’s largest building industry organisation.
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Australia’s Gross Domestic Product defied the negative sentiment of recent months to grow by 0.4 per cent in the March 2009 quarter, said the Housing Industry Association, Australia’s largest building industry organisation.
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