“The reopening of renovations in occupied homes ahead of schedule will provide a much needed boost to the residential building industry and help many families who have been waiting for their home renovations projects to either commence or resume,” said HIA’s Victorian Executive Director, Fiona Nield.
“Sales of new detached houses increased by 2.3 per cent in September compared to the previous month,” stated HIA Economist Tom Devitt.
“The strength in New Home Sales in recent months indicates that the boom in detached home building will continue to create strong employment opportunities into the second half of 2022,” stated HIA Economist Tom Devitt.
The residential building industry has welcomed the news that they will be back to work on 10 September 2021, however, has warned that it is essential that the lockdown does not go beyond this date.
Boosting industry capability to implement the NSW Government’s building reforms has required targeted research to understand the current state of digital use among designers and contractors.
The Housing Industry Association (HIA) is pleased to see clear confirmation in research released by the National Housing and Finance Investment Corporation (NHFIC) that the price of new homes is directly increased by the various developer charges being applied by local and state governments.
“More than 60,000 people departed Sydney and Melbourne to other parts of the country in the 12 months to March 2021,” stated HIA’s Chief Economist, Tim Reardon.
“The number of land sales in the March 2021 quarter declined by 31.2 per cent compared to the previous quarter, to be 42.5 per cent lower than the previous peak in the September 2020 quarter,” said HIA Economist, Angela Lillicrap.
“The number of new houses that commenced construction in the March 2021 quarter was more than 40 per cent higher than the same time last year,” stated HIA Economist, Angela Lillicrap.
“New Homes Sales in June 2021 jumped 15.3 per cent to be 11.2 per cent higher in the quarter than the same time in 2019,” stated HIA Economist Angela Lillicrap.