Prepare for the dwelling construction jobs bust

The ABS yesterday released dwelling construction data for the June quarter, which recorded a dead cat bounce in both commencements and completions.

According to the ABS, the number of dwelling commencements rebounded by a seasonally-adjusted 1.1% over the June quarter, but crashed by 20.3% over the year. While detached house commencements fell by 10.6% over the quarter and by 16.4% over the year, this was offset by unit commencements, which rose by 21.0% over the quarter but were down by 25.2% over the year:

There are 979 words left in this subscriber-only article.

Start your free 14-day trial today!

Comments are hidden for Membership Subscribers only.