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According to the Housing Industry Association (HIA), 2021 will mark a record year of detached house construction.
The HIA forecasts that there will be 146,000 detached housing commencing construction in the year to September 2021, which will be 20% higher than the peak of the previous boom in 2018:
Detached house construction to boom then bust.
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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.