U.S. homebuilding fell to its lowest level in 13 months in May, according to the latest monthly new residential construction data released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. “Privately‐owned housing starts in May were at a seasonally adjusted annual rate of 1,549,000,” a June 16 press release…
Housing Starts Fall to Lowest Level in 13 Months, 7 Percent Monthly Fall in Building Permits
June 17, 2022
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Business & Marketseconomyhomebuildinghousing startsinflationmortgage interest ratesnew building permitsnew constructionThe Department of Housing and Urban DevelopmentUS
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Cladding Ban on Buildings Has Come Into Effect in Victoria
A ban on high-risk cladding on new multi-storey buildings has come into effect in Victoria, with non-compliant builders facing fines of up to $400,000. The ban applies to flammable aluminium composite panels and rendered expanded polystyrene being used as external wall cladding on all future developments. Planning Minister Richard Wynne on February 1 said the…
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