Spike In Sentiment To Fuel Industry Revival

Master Builders Australia’s latest National Survey reports a big rise in builder confidence during the December quarter.
Peter Jones, Chief Economist of Master Builders Australia said, “Building activity looks set to rebound in 2014 on the back of a revival in sentiment that comes after an extended downturn.”

This should allow the building and construction industry to play a key role in rebalancing the economy in the wake of the resources boom,” he said.
“The turnaround in the industry outlook, particularly for residential building, is encouraging for a wider economy grappling with below trend growth, a soft labour market and concern over the gap left behind as resources investment unwinds,” Peter Jones said. 

As a forward indicator, Master Builders’ survey adds strength to recent ABS data indicating that housing is now on a recovery path set to assist the economy through 2014 and beyond,” he said.

“The latest survey results add weight to Master Builders Australia’s forecast for residential building to improve strongly over the next three years, with the number of dwelling starts predicted to draw near to 200,000 in 2016,” Peter Jones said.
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