“A record number of detached housing starts will occur in the 12 months to September 2021 with more than 146,000 detached houses commencing construction. This is more than 20 per cent higher than the peak of the previous boom in 2018,” stated HIA Economist, Angela Lillicrap.
Skilled trades in high demand in the March 2021 quarter - HIA
The HIA Trades Report was released today. The HIA Trades Availability Index recorded a level of -0.55 in the March 2021 quarter, down from -0.35 in the December 2020 quarter.
“First home buyers accounted for 41 per cent of new loans issued over the past six months, the highest for more than a decade,” stated HIA’s Senior Economist, Nick Ward.
HomeBuilder change to support delivery of homes: HIA
Today’s announcement by the Assistant Treasurer and Minister for Housing, Michael Sukkar, that the HomeBuilder commencement time will be extended to 18 months is extremely welcome news for the housing industry, the economy and for those embracing the HomeBuilder grant.
“The number of new houses that commenced construction in the December quarter was the second highest level on record,” stated Tim Reardon, HIA’s Chief Economist.
Stamp Duty Abolition: The end justifies the means says HIA
“In replacing stamp duty with a more stable, efficient and equitable tax we should remain focused on the benefits of the reform, not the complexity of the transition,” stated HIA’s Chief Economist, Tim Reardon.
