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“Leading indicators of home building activity continue to show that market confidence in new home building is returning, as new home sales stabilise and house approvals rise,” stated HIA Economist, Maurice Tapang.
The Housing Industry Association (HIA) announced the HIA Cairns Home of the Year for 2024, with local builder, Koru Building Contractors taking out the prestigious award at the 2024 HIA-Cosentino Cairns Housing and Kitchen & Bathroom Awards presented on Friday 11 October at the Pullman Cairns.
The Housing Industry Association ACT and Southern NSW region has released its full 2024 ACT election priorities to address the issues facing housing and residential construction in the capital.
Trade shortages loom as a major threat to the Housing Accord’s target of building 1.2 million homes over the next five years. The target equates to an average of 240,000 homes per annum and Australia has only come close to this level of home building on two occasions in the past. The first was in a single year at the peak of the apartment boom of the mid-2010s (232,000 in 2016), and the second was for a single year at the peak of the COVID era cycle (228,000 in 2021).