Recovery in residential construction

 In News and Events

The latest figures from the Australian Bureau of Statistics (ABS) show that ground broke on 40,331 homes throughout the nation (seasonally adjusted) in the September quarter. Those numbers are slightly down on the previous quarter (41,772) but still above the 39,304 starts which occurred in the same quarter one year earlier and mark the fourth consecutive month on record for which the number of commencements has come in at over 40,000. All up, construction started on 163,250 homes in the 12 months to September last year, up from 146,343 in the year to September 2012. Housing Industry Association chief economist Harley Dale welcomed the latest figures, saying start numbers over the 12 months to September are at their highest levels since 2004 if the post-GFC stimulus related spike in excluded.

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