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
Canada’s Home Builders Grow in Confidence, Say Industry’s Success Needs Municipal Cooperation
May 11, 2022
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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…
When Choosing a Lot for a House, Don’t Overlook Drainage Problems
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….
Home Building Surges, Leading Economic Recovery
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…
Strong House Building Looks Set to Extend
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…
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