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Autstralia: Home building outlook grim as weak prices hurt property market confidence

Posted on 05 April 2012

The Housing Industry Association (HIA) has recorded a 12.8% fall in new home building for the last quarter and warns of “deteriorating conditions” for the housing industry.
The HIA is forecasting a 5.9% decline in starts in 2012, to a level of just 139,360 with only a modest recovery to 151,200 predicted by 2013-2014………………………………………..Full Article: Source


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