Is the worst of the crisis over for the building industry?
The tide might be turning for the troubled building industry, with the best approvals figures in six months being released, and one state in particular described as 'off and racing'.
Despite some positive news, ambitious building targets to overcome the housing crisis are still looking unlikely to be met. (Image source: Shutterstock.com)
The strongest building approvals result in six months has offered hope that the beleaguered building industry may be moving past the worst of the crisis that has engulfed the industry.
While cost and labour issues do remain, dwelling approvals have gained every month since bottoming out in January.
The Australian Bureau of Statistics on Wednesday (3 July) released its monthly building approvals data for May 2024 for detached houses and multi-un…
