Industry figures released yesterday reveal that construction activity has dropped for the 15th consecutive month, with commercial building activity suffering more than housing.
The Australian Industry Group (AIG) Performance of Construction Index dropped four points in August to 32.1 - significantly below the 50-point threshold that separates expansion from contraction.
A collection of articles and quick commentary on residential real estate. "It's different this time, really . . . " Ha ha ha. No, it's not. When China goes down, so does Australia and Canada.
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Wednesday, September 7, 2011
Construction Slowdown in Australia
New stimulus call as building industry slumps further
This is the proper response, in my view. Just don't think it will keep housing prices high.
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