Next week’s Australian Bureau of Statistics data could show signs of easing delays.The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index revealed activity in housing, apartment and commercial construction fell 4.3, 4.5 and 8.4 points respectively, compared to May.
“If we’d seen house approvals and house starts stay as high as they were at the peak, then we’d be in big trouble. But the number of new starts and new approvals is dropping, so the amount being added to the backlog is less as the number of new starts drops.” “The rain stopped so we were able to get more slabs down. NSW and down around Sydney is going to have problems because of the latest round of rain that they’ve seen. It takes weeks for that to dry out.