“Detached home commencements fell by 10.1 per cent in the final quarter of 2021 but the number of homes under construction continues to grow,” stated HIA Economist, Tom Devitt.
Pipeline of new homes construction grows
Building approvals fell sharply during Omicron outbreak
Building approvals fell sharply during Omicron outbreak
“Building approvals fell by a remarkable 27.9 per cent in January 2022, as Omicron disrupted the record boom in home building,” stated HIA Economist Tom Devitt.
Construction activity improves in February 2022
Construction activity improves in February 2022
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) improved by 7.5 points to 53.4 in February, indicating a recovery in activity across the construction sector after a sharp fall over the summer holiday period (readings above 50 indicate expansion in activity, with higher results indicating a faster expansion).
Building trades remain in high demand
Building trades remain in high demand
“The shortage of skilled trades continued to deteriorate in December and remains the most significant shortage on record,” stated HIA Economist, Angela Lillicrap.
Fostering The Next Generation Of Construction Workers
Fostering The Next Generation Of Construction Workers
The Victorian Government will deliver a funding boost for South West TAFE to ensure construction and trades students have the tools they need to skill-up for Victoria’s construction workforce.
Victoria’s Construction Sector Booming
Victoria’s Construction Sector Booming
The Victorian Government is delivering continued economic certainty and growth with Victoria performing as the strongest state for construction work and the third strongest state overall, according to the latest CommSec State of the States report.
Record year for new homes starts
Record year for new homes starts
“More detached homes commenced construction in the 12 months to September 2021 than in any previous period,” stated HIA Economist, Tom Devitt.
Super summer of works on Victoria’s big build
Super summer of works on Victoria’s big build
Victoria’s Big Build will heat up over summer with more than ten thousand construction workers focused on transforming road and rail infrastructure across Victoria in the coming months.
Australian PCI®: Recovery underway in construction activity in October 2021
Australian PCI®: Recovery underway in construction activity in October 2021
The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index (Australian PCI®) increased by 4.3 points to 57.6 in October, indicating a strong pace of recovery following the sharp fall in August due to COVID-19 restrictions (readings above 50 indicate expansion in activity, with higher results indicating a stronger pace of expansion).
Buy Australian Plan will not increase local content
Buy Australian Plan will not increase local content
Labor’s Buy Australian Plan proposes to grow small to mid-sized Australian construction businesses through changes to government buying practices to “maximise opportunities for Aussie businesses in major infrastructure projects,” but the plan fails to recognise that these projects are already largely built by Australian contractors and Australian workers supported by Australian suppliers.
