HIA: dwelling construction to fall for next 3 years
The Housing Industry Association (HIA) has released its latest National Outlook, which forecasts a 10% decline dwelling starts this financial year, from 232,540 to 209,050, with a further 16% fall forecast for 2017-18, before another 5% decline in 2018-19; although the HIA admits there are downside risks to its forecasts (see next chart).