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{{propApi.successMessage}} {{region}} Change locationHIA welcomes $50 million to improve housing supply and industry productivity
HIA welcomes $50 million to improve housing supply and industry productivity
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The $50 million Housing Innovation Fund was announced as part of the 25/26 State Budget to improve the supply of housing through increased pre fabrication and alternative building methods.
"While the demand for housing continues to outstrip supply we need to find ways to increase capacity," said HIA Executive Director Michael McGowan.
"Productivity continues to be a challenge, and to deliver more housing we can't just continue to solely rely on our traditional methods of construction.
"A key barrier has been the amount of financial investment to build capability. Manufacturers have been resistant to invest without commitment of volume from builders, and builders hesitant without the proven capacity, this funding helps bridge that gap.
"In the last few years we have seen a significant increase in brick veneer, modular, and framing, and this funding helps accelerate that adoption by industry and deliver new homes faster.
"It’s exciting to see a range of local manufacturers backed by the State Government to deliver more housing for the State and HIA are excited to help promote more ways to deliver housing for WA families," concluded Mr McGowan.
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HIA Values statement for the residential building industry
This Values Statement sets out HIA's position in relation to the core beliefs and principles that should guide the residential construction industry, shaping how it operates, conducts business, and interacts with all stakeholders.