Master Builders Report Optimism Despite Moderating Housing Market
Master Builders Australia latest real time snapshot of business confidence in the building industry reports that although the housing market is moderating that builders remain upbeat.
Denita Wawn, CEO of Master Builders Australia said, “The index for business confidence recorded in the latest National Survey of Building and Construction for June quarter 2018 is at 55.8, a good sign that despite the transition underway in the residential construction sector businesses are still reasonably comfortable with the current state of the industry.”
“The Survey covers building and construction businesses across all states and territories in Australia and across all sectors of the building and construction industry. It is widely considered as a key source to test the temperature of the industry,” she said.
“Importantly, survey respondents across both the residential and non-residential sectors expressed a positive view on current conditions in the building and construction industry,” Denita Wawn said.
“We are in a good position where the business environment for residential and non-residential builders are both very supportive. We are also seeing early signs that better activity in places like WA and SA are beginning to add to rather than take away from the index,” Denita Wawn said.
You can access the full survey report on the Master Builders Australia website: https://www.masterbuilders.com.au/Resources/National-Survey
Article credit: Master Builders Australia
This article was originally published by Master Builders Australia, supporting partners of DesignBUILD.