HIA: End is nigh for dwelling construction boom

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By Leith van Onselen

The Housing Industry Association (HIA) has today released its Spring 2015 National Outlook, which once again forecasts the peaking of Australia’s dwelling construction boom in 2014-15 before recording a 5.5% decline in dwelling starts this financial year followed by a further decline of 13.4% in 2016/17. From the Media Release:

“New home building may well have reached the summit with a record 212,000 dwelling commencements in 2014/15,” said HIA Chief Economist, Dr Harley Dale…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.