New home building in Australia reaches new high

New home building starts reached a new high in Australia in the third quarter of last year which is being hailed as good news for the country’s economy. The data from the Australian Bureau of Statistics (ABS) shows that they hit a quarterly record of 55,432. The high if 215,329 for the 12 months to September 2015 is some 15% up on the previous peak in 1994. ‘It is a stellar result not only for the residential construction industry, but for the wider economy. New home construction has posted ...