Moving Walls Offer More Flexibility and Design Options
Australia's Tourism Infrastructure Gets Big Economic Boost
Smart Slab: Lightweight Concrete that May Transform How We Build
Net Zero Buildings: A New Type of Independence
Could BIM Be the Key To Better Project Outcomes?
5 Library Buildings That Redefine Tradition
Top Green Building Resources to Successfully Guide Your Next Project
10 Building Materials of The Future that Could Change Construction
By Procore Editorial staff
February 11, 2019
Across the board, economists are predicting a downturn in the market. Yet many still remain positive for 2019. Hans Kunnen, Principal & Chief Economist at Compass Economics shared his forecast for the Construction Industry heading into the new year.
“There are some real positives for the construction industry in 2019. Interest rates should remain low, the population continues to grow and governments are spending on infrastructure. Is it all upside? No. Residential building approvals are in decline.
Banks are tightening their lending conditions, investors are being
scared off by lower house prices and Chinese demand is falling due
to restrictions on capital flowing out of China.”
“Despite softness in the residential construction sector, activity will remain at historically high levels. The slack from residential construction should be taken up by government spending on social infrastructures such as schools, hospitals and correctional facilities. “The expansion of transport infrastructure will see spin-offs in commercial construction including shops, offices and warehousing,” said Kunnan.
Grab your free copy!
Click here to download the entire free “Australia and New Zealand Construction Forecast 2019” eBook
This is Australia’s 28th consecutive year of economic growth. The International Monetary Fund (IMF) predicts that between 2019 and 2023 our economy will outperform every other major advanced economy. This impressive growth record is supported by Australia’s strategic location within the dynamic Asian region, strong economic fundamentals and a portfolio of globally significant industries that represent future high growth opportunities.
To read the rest of the eBook, "Australia and New Zealand Construction Forecast 2019," click here.
Australia Construction Forecast
How Construction Tech Startups are Aiding the Australian Economy
The AEC industry relies on drawings for everything, from the external site plan and interior layout to the punch list and RFIs. According to Home Improvement Pages, a custom-designed residential ho... Read More
Construction work as we well know is a team effort, requiring the synchronization of workers, equipment and materials. And just as construction wo... Read More
Listen in to this free webinar with Carey Larsen, Social Marketing Manager at Procore, Bob Gardner, CEO of Gardner Builders, and Jessica Stoe, Bran... Read More
At a rural Ohio job site, Wieland Construction and its subcontractors are managing progress entirely from mobile devices — an investment they say h... Read More
The majority of project leaders and teams on site today still utilize outdated, manual tools and processes—even though there are plenty of technolo... Read More
You have a lot of influence over design decisions that affect quality when you work on a design-build or other collaborative delivery project. Sugg... Read More
The big deal is the cash-burning time sink created by a hazily written RFI. It’s already been shown that about 22% of RFIs never get answered at al... Read More
December 31, 2018