So believes the Housing Industry Association (HIA).
And looking at the new dwelling sales figures for July 2016, they are probably right.
"The cycle has peaked" reported the HIA.
"In all likelihood we will experience sharper falls in new home construction in both 2017 and 2018".
Private new dwelling sales fell by 9.7 per cent to record their weakest monthly result since 2014.
The building approvals figures for July are due out tomorrow.