RBA Sees Residential Construction Rising Further, Boosting Costs

June 21, 2021
Michael Heath - Bloomberg

New-home building is set to rise further in coming months and remain elevated for the remainder of the year, the Reserve Bank of Australia said in documents dated from April released under Freedom of Information.

“This has led to construction delays and higher input costs, which are beginning to flow through to prices for detached housing,” the RBA said in a section titled ‘liaison on current conditions.’” “Housing starts are expected to peak around May in most states. However, the peak is expected to be closer to September in New South Wales, reflecting longer time to commencement.”


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