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Search results for homebuilder

Stock market today: Wall Street slips to a rare back-to-back loss
2 weeks ago

Stock market today: Wall Street slips to a rare back-to-back loss

Associated Press  

NEW YORK — U.S. stock indexes drifted lower Tuesday in the runup to the highlight of the week for the market, the latest update on inflation that’s coming on Wednesday. AP AUDIO: Stock market today: Wall Street drifts as it waits for inflation data Investors are looking for direction on Wall Street. Wednesday’s update and a report on Thursday about …

Stock Market Inflation Fed Wall Street Fell Today Wall
Housing construction costs and completion times have blown out – can this be fixed?
3 weeks, 5 days ago

Housing construction costs and completion times have blown out – can this be fixed?

ABC  

New data from the Australian Bureau of Statistics suggests that the Federal Government's 2020 HomeBuilder scheme helped to super charge demand for the construction sector, at a time when demand was already high with low interest rates. This, along with material and skills shortages, has helped to drive up construction costs, and ABS data shows that the time to complete …

The Alabama town living and dying in the shadow of chemical plants
7 months, 1 week ago

The Alabama town living and dying in the shadow of chemical plants

Al Jazeera  

The first two chemical companies - Olin Corporation and Ciba-Geigy Chemical Corporation - arrived in the McIntosh area in the early 1950s, attracted by the town’s proximity to a large natural salt dome and transport routes and the prospect of cheap labour from the nearby communities. Most residents can trace their ancestry to the Lang and Reed families, who owned …

Land Mcintosh Olin
No end to the 'property cyclone' as construction costs keep rising and more builders head into insolvency
8 months, 2 weeks ago

No end to the 'property cyclone' as construction costs keep rising and more builders head into insolvency

ABC  

Alyssa Luc and her partner Xuan Tri Mai are among many Australians who wish they hadn't rushed into building a home. "We need a lot more corporate regulation around directors that trade — the building companies — that know they can't pay the bills, or they're insolvent," Mr Satterley says. Mr Duggan says there's been a 40 per cent increase …

Homes Housing Construction Industry Building Interest Rates End
US new home construction surged last month, as mortgage rates stayed high
9 months ago

US new home construction surged last month, as mortgage rates stayed high

CNN  

Washington, DC CNN — Amid a housing shortage and an affordability crisis, US homebuilding heated up in February as builders anticipate demand for new homes to stay strong. “Lower mortgage rates are likely to bring buyers to the market in larger numbers, and builders are ramping up supply to meet this demand,” said Kelly Mangold of RCLCO Real Estate Consulting, …

Homes Housing New Construction Mortgage High Month According
HomeBuilder and first home buyer grants made housing less affordable says Reserve Bank
2 years, 6 months ago

HomeBuilder and first home buyer grants made housing less affordable says Reserve Bank

ABC  

Government subsidies such as first home buyer grants and HomeBuilder have boosted demand for homes and helped push up house prices, with "pervasive" impacts on housing outcomes for some Australians, according to the Reserve Bank. She noted that solid rates of home-building during the past two years had been due to very low interest rates as well as government grants, …

Labor Homes Housing Population Prices Interest Rates Population Growth
Some loved it, others hated it. Either way, the $25,000 HomeBuilder grant was 'life-changing'
2 years, 11 months ago

Some loved it, others hated it. Either way, the $25,000 HomeBuilder grant was 'life-changing'

ABC  

It was one of the biggest stimulus injections the housing industry had ever seen. "I feel for people who didn't get that grant because I know how much it helped me," she says. "On the 17th of April, 2021 – three days after the application portal closed — the government changed the construction criteria to 18 months, which meant I …

Construction Building Pay 2020 Melbourne Warner Months
China property sector distress deepens as second company runs into financial troubles
3 years, 2 months ago

China property sector distress deepens as second company runs into financial troubles

Firstpost  

Beijing, China: Another Chinese homebuilder has hit financial trouble after it missed payments on debt obligations, adding to worries over the country’s property sector as embattled giant China Evergrande teeters on the brink of collapse. The news comes as investors await news from Evergrande after it suspended trading of its shares Monday pending an announcement on a “major transaction”, with …

Debt Company Chinese Evergrande Sinic Fantasia China Property
Reserve Bank 'grappling' with house price boom questions, internal documents show
3 years, 6 months ago

Reserve Bank 'grappling' with house price boom questions, internal documents show

ABC  

Australia's central bank is "grappling" with questions about risky first-home buyers and a strong increase in home loans, according to meeting notes and internal discussions about the nation's white-hot housing market. Key points: As house prices soar, Reserve Bank economists are wondering if first-home buyers are riskier than other borrowers Lending standards are tighter and approval times are blowing out …

Housing Construction Bank Work Documents Prices Price
Trade and product shortages amid HomeBuilder Grant-induced building boom 'a perfect storm', industry experts say
3 years, 8 months ago

Trade and product shortages amid HomeBuilder Grant-induced building boom 'a perfect storm', industry experts say

ABC  

Australia's building sector is bearing the brunt of a "perfect storm" of events, with near-record new home approvals putting intense pressure on supply chains and sparking construction delays. Key points: More than 93,000 Australians are taking up the federal government's HomeBuilder grants But new home builders are waiting for months due to construction delays fueled by product and trade shortages …

Building Months Brisbane Builders Bidwell Rachel Mcghee Homebuilder
Home builders needing structural timber could be waiting months due to supply shortage
3 years, 8 months ago

Home builders needing structural timber could be waiting months due to supply shortage

ABC  

The timber industry is calling for a time extension of the Government's HomeBuilder scheme to ease demand for both domestic and imported timber. Key points: Timberlink ramps up production to meet surging timber demand Reduction in timber imports is fuelling timber shortage OneFortyOne officially opens new drying kilns to drive efficiency at Mt Gambier sawmill While new applications for the …

Australia Demand Timber Homebuilder Needing Structural Timberlink Structural Timber
Global shortages, HomeBuilder demand causing building delays and price rises
3 years, 8 months ago

Global shortages, HomeBuilder demand causing building delays and price rises

ABC  

A sharp increase in global demand for building products during the COVID-19 pandemic has caused price rises and delays on Australian construction sites and is prompting calls for changes to the federal government's HomeBuilder scheme. Key points: Freight restrictions and demand for materials like timber are contributing to delays The opposition wants the HomeBuilder scheme tweaked to enure steady work …

Global Demand Scheme Months Build Timber Homebuilder
HomeBuilder applicants could miss out due to building industry delays
3 years, 9 months ago

HomeBuilder applicants could miss out due to building industry delays

ABC  

A shortage of materials and skilled tradespeople have blown out construction times on homes, sparking concern that landowners expecting to receive significant government grants could miss the deadline. Key points: Applicants can still apply to receive $15,000 towards a new home or extension under the government's HomeBuilder program But to get the grant, construction must commence within six months of …

Construction Industry Building Grant Receive Applicants Homebuilder
GDP figures show economy shrank in 2020 but grew 3.1 per cent in December quarter
3 years, 9 months ago

GDP figures show economy shrank in 2020 but grew 3.1 per cent in December quarter

ABC  

Australia's economic bounce-back from the COVID-19 pandemic has caught most economists and business operators off guard. Key points: Australia's economy rebounded strongly in the last six months of 2020 In the December quarter, the economy grew 3.1 per cent, after September quarter growth of 3.4 per cent However, overall, the economy shrank by 1.1 per cent in 2020 "Suppliers are …

Business Economy Pandemic Australia Covid Cent 2020
HomeBuilder developments worth millions approved by councils putting builders in huge demand
3 years, 10 months ago

HomeBuilder developments worth millions approved by councils putting builders in huge demand

ABC  

Councils across South Australia's south-east have green-lit building approvals worth millions of dollars in recent months as government incentives hit their mark in boosting local industry. Key points: Almost $17 million in building approvals was approved by south-east SA councils in December A Mount Gambier builder says it's been "chock-a-block" He says government incentives are a major factor to the …

Local Applications Council South Million South East Sa Abc
Federal Government extends HomeBuilder program for another three months but at a lower rate
4 years ago

Federal Government extends HomeBuilder program for another three months but at a lower rate

ABC  

A Federal Government program offering cash grants for housing construction projects has been extended, but at a lower amount. Key points: The HomeBuilder program, due to finish at the end of the year, will be extended until March 31 Contracts signed between January and March next year will attract a lower rate of $15,000 People will be given more time …

Construction Homebuilder
Queensland builders calling for HomeBuilder extension as tradies fear application bottleneck
4 years ago

Queensland builders calling for HomeBuilder extension as tradies fear application bottleneck

ABC  

Townsville builders are calling on the Federal Government to extend the HomeBuilder grant beyond the December 31 deadline. Key points: Potential home builders are scrambling to get applications approved to access HomeBuilder grant Builders are calling for a HomeBuilder extension to alleviate the pressures of a bottleneck of applications The industry is concerned that many will miss out on the …

Construction Application End Start Builders Homebuilder
HomeBuilder scheme set to deliver thousands of extensions, but might need one itself
4 years, 2 months ago

HomeBuilder scheme set to deliver thousands of extensions, but might need one itself

ABC  

The response to the Federal Government's HomeBuilder scheme is exceeding expectations, but a requirement to start construction within three months is testing the capacity of the building industry. Key points: More than 11,000 Australians have been approved for the HomeBuilder scheme More than 11,000 Australians have been approved for the HomeBuilder scheme The coronavirus stimulus measure provides $25,000 to build …

Scheme Homebuilder Homebuilder Scheme Measure Provides
North East Victorian building boom sparked by HomeBuilder cash
4 years, 5 months ago

North East Victorian building boom sparked by HomeBuilder cash

ABC  

Builders are experiencing a major spike in sales following the Federal Government's announcement of its $688 million HomeBuilder program. Key points: Eligible people can receive up to $45,000 in grants when building a home in regional Victoria One North East builder experienced its highest number of sales in a single day after the scheme was announced Builders are bracing for …

Land Building Sales Property Market Victoria Dempsey Homebuilder