Last week, the Australian Bureau of Statistics (ABS) released data showing that only 12,400 homes were approved for construction in trend terms in February, the lowest monthly reading since April 2012. On that run rate, Australia would only build 149,000 homes a year, 91,000 below the Albanese government’s construction target of 240,000 homes a year. Data
The post Construction collapse crushes Albo’s housing target appeared first on MacroBusiness.