Value of Housing Construction Soars

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Source: roofplumber3.blogspot.com

The value of housing construction is soaring and in the September quarter it reached $15.5 million, according to figures from the Australian Bureau of Statistics.

The housing market throughout Australia has hit an all time high which is an indication that the sector will probably become a driver of economic growth in the country.

The value of residential construction rose by 2 per cent, especially due to the rise in apartment construction.

The healthy residential construction market is expected to off-set the downturn in engineering construction.

Source:  http://www.sbs.com.au/news/article/2015/11/25/housing-construction-hits-all-time-high

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