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…
Australian Home Building Set to Slow Till 2025 as Builders Face Higher Pressure: HIA
Australian Construction Insolvencies on Track to Surge Amid Costs Spike
One of Queensland’s major building companies BA Murphy Constructions, has been put into liquidation just before Christmas, adding to a growing list of insolvent builders nationwide. The collapse came amidst the deepening concerns that the ongoing surge in material and labour costs will see more construction companies go under in the coming months. According to…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`