Australia AiG Performance of Construction rose 4.4 pts to 61.8 in Mar ch, hitting a record high. Also, the indexes for new orders, employment and supplier deliveries all hit record highs.
HIA Economist, Angela Lillicrap, said: “Activity is being driven to new heights by a combination of the HomeBuilder program, record low interest rates and shifts in population away from apartments and capital cities towards detached housing and regional areas. The record volume of work will see home building absorb workers from across the economy in 2021 and into 2022. The outlook for multi-units, unfortunately, will remain poor in the absence of overseas migrants, students and tourists.”
