Builders go bust en masse
There were 446 construction businesses sent into external administration in the June quarter, which was the worst Q2 since 2015.
And the September quarter will likely see over 500 construction businesses go to the wall, Q3 normally being the busiest quarter for insolvencies.
With interest rates rising, the September quarter looks likely to see a record high number of business failures across the sector.
Not good, for employment or housing supply.
