Aussie tradies run off their feet by housing construction boom

Tuesday 6 April 2021

Thursday’s lending indicators data from the Australian Bureau of Statistics (ABS) revealed that loans for new home construction hit the six consecutive monthly record high in February 2021, surging 166% year-on-year:

Australian new construction loans hit their sixth consecutive month of record highs.

As noted by HIA Chief Economist, Tim Reardon:

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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.