Construction Industry News

  • Cement Giant Lifts ‘Constant Currency’ Profit Slightly

    31 July 2014

    As it continues with efforts to merge and create a worldwide behemoth, Swiss cement giant Holcim has recorded a slight lift in operating profit in constant currency terms. The post Cement Giant Lifts ‘Constant Currency’ Profit Slightly appeared first on Sourceable Industry News. more

  • New Zealand: Building Consents Pick Up

    31 July 2014

    New Zealand building consents have been issued at the fastest pace in three months, rising a seasonally adjusted 3.5 per cent in June, as apartment developments rebounded. The post New Zealand: Building Consents Pick Up appeared first on Sourceable Industry News. more

  • Brisbane Port Road Upgrade to ‘create 400 jobs’

    31 July 2014

    More than 400 construction jobs will be created during a $110 million road upgrade project at the Port of Brisbane. The post Brisbane Port Road Upgrade to ‘create 400 jobs’ appeared first on Sourceable Industry News. more

  • New Home Sales Up 2%: HIA

    30 July 2014

    The housing market is continuing to strengthen, and looks set to take over from mining investment as the main driver for economic growth in the coming year. The post New Home Sales Up 2%: HIA appeared first on Sourceable Industry News. more

  • Construction Union Refers Alleged Leaks to Police

    30 July 2014

    The nation’s biggest building union has referred what it claims may have been leaks about witnesses and evidence from the Trade Union Royal Commission to the Australian Federal Police for investigation. The post Construction Union Refers Alleged Leaks to Police appeared first on Sourceable Industry News. more

  • National Green Building Standard Usage Grows to 30%

    30 July 2014

    The U.S. National Association of Homebuilders (NAHB) reports that usage of the National Green Building Standard (NGBS) grew from 2011 to 2013. Among builders of single-family homes, the number using the NGBS grew from 21 per cent to 30 per cent. The post National Green Building Standard Usage Grows to 30% appeared first on Sourceable Industry News. more

  • Project Managers Warned of Prosecution

    30 July 2014

    A prosecution is currently underway in the ACT that is the first under the new Work Health & Safety Act to prosecute an officer a long way down in ‘the pecking order’ – a project manager – rather than the expected officers of company directors and board members. The post Project Managers Warned of Prosecution appeared first on Sourceable Industry News. more

  • Former Victorian Public Servants Rigged Contracts for Kickbacks

    29 July 2014

    Two former Victorian public servants who allegedly conspired to direct lucrative construction work to companies they controlled stood to make $10,000 each by rigging quotes on two $100,000-plus projects. The post Former Victorian Public Servants Rigged Contracts for Kickbacks appeared first on Sourceable Industry News. more

  • Leighton’s Underlying Profit Rises

    28 July 2014

    Construction giant Leighton Holdings has announced a significant increase in underlying profit for the first half of 2014, albeit with the group recording a fall in headline profit as the previous comparative period was artificially inflated by gains on asset sales. The post Leighton’s Underlying Profit Rises appeared first on Sourceable Industry News. more

  • Housing Recovery Stays On Track

    11 July 2014

    “The nearly 10 per cent, seasonally adjusted, rise in the latest Building Approvals shows that the building and construction industry is well placed to be the major engine of growth and jobs as the economy adjusts to the decline in engineering construction in the mining sector”, Wilhelm Harnisch CEO of Master Builders Australia said. more

  • Property industry confident for the future

    11 July 2014

    Property industry confidence remains high despite falling expectations for Australia’s national economic growth. The Property Council/ANZ Property Industry Confidence Index to September 2014 shows property industry confidence remained steady at 131 points compared to 132 last quarter. Property Council of Australia Acting Chief Executive, Glenn Byres, said the September quarter expectations reveal an industry confident about its future, despite low expectations for national economic growth. more

  • Master Builders Calls For Urgent Reform Of Right of Entry

    29 June 2014

    Master Builders Australia has called for urgent reform of the right of entry workplace laws to redress the current imbalance which favours unions. Master Builders Australia made the call in an address by National Director of Industrial Relations, Richard Calver to the Industrial Relations Conference 2014. more

  • Property Council of Australia: NSW Geared up for growth

    24 June 2014

    The NSW Budget positions the state for sustained economic growth based on a robust infrastructure spend and thriving property market, according to the Property Council of Australia. The Property Council’s members finance, own, manage and develop major office, retail, industrial, hotel, residential and retirement living assets across NSW. more

  • Peter Verwer: Fare thee well

    24 June 2014

    For more than two decades, this magazine’s editorial Zeitgeist was tuned to the virtues of our industry’s animal spirits. A prosperous society is built by risk-taking entrepreneurs and, let’s not be shy, buccaneering grit. We’ve criticised governments when they determine to assemble rickety policy scaffolds rather than trust citizens to build opportunity. We’ve also criticised them for stunting individual and mercantile liberty. Nevertheless, we’ve always recognised that free markets don’t mean a free-for-all. more

  • This week's top stories from Building On Air

    15 May 2014

    This week's Building on Air top stories: Removing Silos Boosts Construction Productivity Recycled Cathode Ray Tubes Transformed into Tiles Sydney Shopping Centre First in Country to Sign Up for Green Star Performance Rating more

  • Peter Barda: policy and investment uncertainty affecting construction outlook

    14 May 2014

    The latest Australian Construction Industry Forum market report shows an upswing in activity across many states, however according to ACIF executive director Peter Barda, the industry remains volatile in response to shifts in government policy and wider business trends. more

  • Budget Must Boost Home-Buyer’s Confidence To Safeguard Residential Building Recovery

    7 May 2014

    “Building Approvals data highlight the importance of the Federal Budget boosting business confidence as a key priority, in addition to providing a pathway to structural budget repair,” Peter Jones Chief Economist of Master Builders Australia said.  “The recovery in residential building remains on track and the 3.5 per cent, seasonally adjusted fall in approvals is in line with expectations,” he said. more

  • CommSec: construction is the next sector set to boom

    19 April 2014

    FORGET mining, the next boom industry in the Australian economy will be much closer to home. That’s according to CommSec chief economist Craig James, who said construction will pick up the baton from mining to become the driving force behind Australia’s economy in the next few years. more

  • Latest Housing Finance Data Confirms Positive Trend

    17 April 2014

    “The latest home lending statistics remain positive and shows that confidence in the residential building recovery remains strong,” Wilhelm Harnisch CEO of Master Builders Australia said. “The latest data released by the ABS today records a 2.3 per cent rise, seasonally adjusted in February 2014. While the total numbers of home lending and home lending for new housing were not as strong at just under 1 per cent seasonally adjusted, the trend remains positive with a  20 per cent increase over the year,” he said. more

  • Property industry confidence moderates from record high

    17 April 2014

    Australia’s property industry confidence has moderated as the industry awaits the Federal Government’s economic strategy. The Property Council/ANZ Property Industry Confidence Index to June 2014 shows property industry confidence dropped eight points to 132 from a record high of 140 points. more

  • CFMEU Contempt Judgement Reinforces Need For ABCC

    31 March 2014

    The $1.25 million penalty imposed on the CFMEU for contempt of court over its violent blockade of the Grocon Myer Emporium site highlights that the union’s officials do not behave like normal people or see themselves bound by the rule of law like everyone else,” Wilhelm Harnisch CEO of Master Builders Australia said. “The Victorian Supreme Court judgement also reinforces the urgent need for the restoration of the Australian Building and Construction Commission (ABCC) to suppress acts of industrial thuggery,” he said. more

  • Not enough building blocks

    6 March 2014

    The construction industry is expected to need an extra 45,000 workers in the course of the next three years but there are questions about whether current training schemes and redeployment from the resources sector will be enough to meet this need. The construction industry has had it tough over the past five years. Following the 2008–9 financial crisis, construction slowed dramatically and workers in the industry sought employment elsewhere, many in the resources sector. Now, with signs of a property recovery, analysts and industry groups are concerned a skills shortage is looming. more

  • Property Chief Retires

    6 March 2014

    Longstanding Property Council CEO, Peter Verwer, has announced his retirement from the nation’s leading property investment advocacy body. Mr Verwer, who took over the Property Council reins in 1992, is leaving the trade organisation to explore international opportunities. more

  • Grant sees Property Council clock up another win

    24 February 2014

    The Property Council’s campaign to remove roadblocks for people looking to downsize their homes clocked up another win this weekend with the Labor Government announcing a new grant, says the Property Council of Australia. On Saturday Premier Jay Weatherill announced an $8,500 grant for people aged over 60 looking to downsize their home. The grant will be available for new builds up to the value of $400,000, phasing out for homes valued up to $450,000. more

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