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1.Market Observations, 8.Was Sticky

29 Nov 2018 (AFR) – Housing construction hits yearly record of $77.2 billion in September quarter

(29 November 2018, AFR, p32, by Michael Bleby)

‘The value of home-building rose to a record $77.3 billion in the year to September, as a resilient sector kept total construction growing despite a quarterly dip.  Total residential construction rose 2.4 per cent over the four quarters from $75.4 billion a year earlier, more than enough to offset the 1 per cent slip in home-building in the three months to September, official figures on Wednesday showed. ‘

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