Page 22 - Tom Devitt News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Australia has recently experienced its biggest building quarter on record for detached house commencements, new data has revealed.

Detached homes were strong, but the big surprise was a jump in apartment construction, thanks to investors ‘looking through the haze of the pandemic’.

Date Time Australian PCI: Construction expansion hit with high prices and capacity squeeze The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell by a further 2.8 points to 55.5 in June, trending lower after hitting a record high in March (readings above 50 indicate expansion in activity, with higher results indicating a faster expansion). Current activity in housing, engineering and commercial construction remained strong in June (trend), but the deceleration from recent highs confirms that growth rates are slowing. Ai ...

New home sales up despite HomeBuilder end AAP 1 hour ago Colin Brinsden, AAP Economics and Business Correspondent © Mick Tsikas/AAP PHOTOS The end of the Homebuilder scheme had little impact on new home sales, which rose 15.2 pc in May. New home sales jumped by 15.2 per cent in May, aided by low interest rates and despite the absence of the federal government's successful HomeBuilder program. Combined with April, sales were 2.9 per cent higher than the same period in 2019 - prior to the pandemic and the introduction of the HomeBuilder grant scheme, the Housing Industry As...

The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) fell by 0.8 points to 58.3 in...