Tough times for builders: housing starts to fall 22pc

Original article by Michael Bleby
The Australian Financial Review – Page: 32 : 23-Jul-18

The Housing Industry Association had forecast in February that housing starts will decline to 174,880 in 2020. BIS Oxford Economics in turn has predicted that housing starts will fall from 2018’s estimated figure of 219,000 to 171,350 in 2020, equating to a 22 per cent fall. The forecast decline in housing starts is expected to be led by a significant downturn in the construction of high-density dwellings. There have been a number of building company failures in recent months, the latest being home renovator Dowling Homes.

CORPORATES
HOUSING INDUSTRY ASSOCIATION LIMITED, BIS OXFORD ECONOMICS PTY LTD, DOWLING HOMES, BRI FERRIER PTY LTD, BAYSIDE CONSTRUCT, PROJECT GROUP, WATERSUN HOMES

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