Tag: home building

Australian Home Building Set to Slow Till 2025 as Builders Face Higher Pressure: HIA

June 1, 2022
AustraliaBusiness & Economyconstruction costseconomyhome buildingWorld
0 Comment

New home building in Australia is set to decline from its peak to a trough in 2025, amidst interest rates increase, building cost surge and capacity constraints, the House Industry Association (HIA) said. The industry peak body also anticipates increasing cash flow pressures on builders from rising borrowing costs and slowing demand. The forecasted decline…

Read More

Canada’s Home Builders Grow in Confidence, Say Industry’s Success Needs Municipal Cooperation

May 11, 2022
Business & EconomyCanadaCMHCCompaniesGlobal Real Estatehome buildingHousing Affordability FundMunicipalitiesNIMBYreal estateWorld
0 Comment

Home builders in Canada have their work cut out to increase the housing supply and ease the affordability crisis, and industry participants also point to municipal-level cooperation as being critical to the solution. Home builders’ confidence is growing despite supply chain and labour challenges, according to the first-quarter release of the Canadian Home Builders’ Association…

Read More

When Choosing a Lot for a House, Don’t Overlook Drainage Problems

March 3, 2022
BrightconstructionHere's HowHOMEhome buildingLifestylereal estate
0 Comment

Dear James: Our last house had drainage problems after storms. When we select a lot to build our new house, what steps should be taken to evaluate possible drainage issues?—Jessica R. Dear Jessica: When selecting a lot for a new house, most people think poor drainage can just make the yard muddy or harm landscaping….

Read More

Home Building Surges, Leading Economic Recovery

May 27, 2021
AustraliaAustralian Bureau of StatisticsAustralian economyconstructionCoreLogichome buildingWorld
0 Comment

Residential construction work has resurged on the back of low-interest rates and government incentives, leading the economic recovery and setting a solid foundation for upcoming economic figures. The Australian Bureau of Statistics revealed in preliminary data that the total value of residential construction work rose by 5.1 percent in the March quarter— the equivalent of…

Read More

Strong House Building Looks Set to Extend

January 6, 2021
AustraliaAustralian ExportersBusinessEconomieshome buildingWorld
0 Comment

Low interest rates and government stimulus measures for housing during the COVID-19 pandemic have seen building approvals for houses soar to their highest level in 21 years. Domestic demand more broadly also appears to be growing from the depths of recession with new figures showing imports jumping 10 percent late last year. Australian Bureau of…

Read More