The construction industry has been busier than ever in 2018 with house building having grown at its fastest pace in 3 months in May. This created more work for tradespeople and their utes servicing the detached home sector.

For the 16th straight month, the construction industry has been growing and the Performance of Construction Index proves this, standing at 54 points last month. Although it was 1.4 points down from April, anything over 50 points is good news because it indicates expansion in the industry.

Housing construction has taken the lead over apartment construction while engineering construction also continued to expand.

House building expanded last month to 58.6 points, which was its highest level in 3 months.

Infrastructure projects being funded by government are also keeping tradespeople busy, according to statistics.

Find out more at https://www.afr.com/real-estate/plenty-of-work-for-tradies-and-their-utes-construction-grows-faster-in-may-20180606-h112l0

Recommended Posts