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.”



714.701.9180

Arrange No Cost Consultation

 

Construction Defect Journal is aggregated from a variety of news sources, article submissions, contributors, and information from industry professionals.

No content on this site should be construed as legal advice or expert opinion. By viewing this site you agree to be bound by its terms and conditions

 

Copyright 2021 - Construction Defect Journal – All Rights Reserved