Builder confidence rides high

Builder confidence rides high

Posted on Wednesday, January 22 2014 at 4:28 PM

A survey by Master Builders Australia shows a strong rise in builder confidence during the December quarter.

Jones, chief economist at Master Builders Australia, says the results telegraph
good news for the industry this year.

activity looks set to rebound in 2014 on the back of a revival in sentiment
that comes after an extended downturn.”

says the building industry is set to take up the slack from any mining downturn
in the coming year.

turnaround in the industry outlook, particularly for residential building, is
encouraging for a wider economy grappling with below trend growth, a soft
labour market and concern over the gap left behind as resources investment

says the results support recent Australian Bureau of Statistics data indicating
housing is in recovery and set to boost the economy into the future.

latest survey results add weight to Master Builders Australia’s forecast for
residential building to improve strongly over the next three years, with the
number of dwelling starts predicted to draw near to 200,000 in 2016.”

survey showed builders were starting to gain confidence in the non-residential
sector as well, and there is a rise in the backlog of work in the industry.

Follow us on Twitter.

Was this article helpful? Place a link to it from your website, or share it using the button below.

Bookmark and Share

Recent articles:

Builder confidence rides high

‘Party hard’ warning for unit-dwellers

First-timer grants aren’t helping affordability: report

Rental market result brings mixed news

Queensland property market continues revival

Would-be buyers will sacrifice distance for space

Leave a comment







    Article source: