In July the Housing Industry Association’s Managing Director, Mr Shane Goodwin said “Residential construction is experiencing its second recession in four years.”
“There are 20,000 fewer homes being built per annum than what has been the average for the last 20 years, which represents thousands of employees and contractors that won’t have work and millions of dollars in materials and related services that won’t be purchased.”
“Without the right policy responses from federal, state and territory, and local government to address the on-going contraction in the industry, we will continue to see real consequences for jobs, businesses, the supply of new housing and rental costs.”
Look out for the results of an industry roundtable conference in July, designed to discuss and debate the state of the new homes and construction industry in Australia.
Aussiefpgroup