05.04.2012 - Autstralia: Home building outlook grim as weak prices hurt property market confidence
The Housing Industry Association (HIA) has recorded a 12.8% fall in new home building for the last quarter and warns of ‚Äúdeteriorating conditions‚ÄĚ 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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