Builders remain relatively upbeat despite the moderating housing market, according to the latest real time snapshot of business confidence in the building industry.
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.