"The rise in approvals in May was driven by private sector dwellings excluding houses which rose 16.3%," Daniel Rossi, ABS head of construction statistics Visit https://nuvi.me/e6s8v4
Australian Bureau of Statistics’ Post
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Dec 6 - The Construction Connection: Challenges to State of BC's ICI Construction Sectors, Prompt Payment Cross-Jurisdictional Analysis as Sent to the Attorney General and More Read here: https://loom.ly/vknnki8
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In late 2023, the federal and provincial governments implemented a range of measures and programs aimed at incentivizing the construction of residential housing. In this article originally published in Espace magazine, Martin Gilbert and Stéphanie Lincourt, CPA explain the benefits of these measures and programs for builders, as well as the qualification requirements and limitations. Learn more: https://bit.ly/499FsvI
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Last week, OHBA & Building Industry and Land Development Association (BILD) released a new housing study which indicates the residential construction industry is operating at a 33-year high, demonstrating that it is not “sitting on supply.” Read the study - https://bit.ly/3I7zjor
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Recent strength in single-family constructions brings slight relief to a housing market that remains severely constrained. New single-family construction was up 2.9% in November and contributed to a 1% lift in total residential construction. Overall, total construction spending for November was up 0.4% from October to a reported $2.1 trillion. There’s plenty more to catch up on – get the latest news and insights straight to your inbox when you subscribe to our weekly economic update. https://buff.ly/307Lqft
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Hey CHBA builders! Want be part of Canada's leading indicator outlining the current & future health of the residential construction industry? We'd love your insight! Email hmi@chba.ca today to get involved in the Q3 Survey! Learn more about the #CHBAHMI: chba.ca/hmi
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CHBA has a network of experts and fellow builders to help you navigate uncertain times
With a rising interest rate environment and an uncertain economy ahead, builders are considering the impacts on new construction project. CHBA #AllianceNetwork member MNP has put together a list of what to consider to ensure you’re making an informed decision when thinking of pausing or powering ahead. Read their insight ➡️ https://lnkd.in/gcZpZMPC
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Upward Trend in New Home Commencements Continues Today, we published monthly data on the number of commencements notices (residential construction starts) for September 2023. The new data shows: 📈 𝟮,𝟲𝟬𝟳 homes were commenced Sept '23, a 𝟭𝟴% 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 on Sept '22 📈 𝟮𝟯,𝟵𝟮𝟯 homes were commenced in first 9 months of '23, a 𝟭𝟰.𝟯% 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 on first 9 months of '22 The full commencement data at bit.ly/3PV1kDa
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With a rising interest rate environment and an uncertain economy ahead, builders are considering the impacts on new construction project. CHBA #AllianceNetwork member MNP has put together a list of what to consider to ensure you’re making an informed decision when thinking of pausing or powering ahead. Read their insight ➡️ https://lnkd.in/gcZpZMPC
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RICS Home Surveys are designed to be easy to follow. These reports use a traffic light system to alert you to the main issues. RICS surveys typically use a rating scale from 1 to 3, where each rating signifies a different level of condition. These ratings are assigned by surveyors based on a visual inspection of the property, considering various factors such as age, construction type, maintenance, and observed defects. Check out our helpful guide here and download some report examples: https://lnkd.in/eMdY94_m
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Understanding the construction industry's response to economic fluctuations is key. Our latest Markets in Focus report covers everything from project stress levels to changes in residential spending. Elevate your strategy with our comprehensive analysis >> https://lnkd.in/dmAvkJtX #thePSFdifference
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