Why housing construction will fall into 2021

SQM Research’s latest newsletter provides commentary on Australia’s pending dwelling construction bust, which SQM believes will run into 2021 and could cause a significant increase in unemployment:

Today we have run with three charts – Australian dwelling completions, commencements and approvals.

The point of this exercise is to illustrate that the current rate cuts are not going to be a job creator for the Australian housing construction industry anytime soon. Naturally it may help other parts of the economy. But not housing construction.

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