Pete Wargent Daily Blog: House building set for worst year in a decade (HIA)

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Tuesday, 21 February 2023

House building set for worst year in a decade (HIA)

Home starts crunch

The Housing Industry Association's Tim Reardon notes in the latest forecasts that housing starts this year are set to fall to the lowest level since 2021.

Source: HIA

Reported the HIA:

Source: HIA

As such, record high population growth combined with tight lending standards continue to point to a shortage of housing, particularly rentals.