The Housing Industry Association (HIA) latest roundup was recently released and according to predictions, the next construction boom will involve home renovations.
It is interesting to learn that the performance of the home renovations market doesn’t always line up with that of new home building activity and over the past decade this stark divergence has been particularly evident.
The residential construction sector experienced a large and long upturn between 2012 and 2016 but during the 2011-2013 period home renovations endured a sharp contraction.
Thankfully at the end of 2016 renovations activity had risen by 8.5 per cent. Read more at https://sourceable.net/home-renovations-australias-next-construction-boom/
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