Master Builders Australia warns of worsening housing crisis due to decline in new home builds and low apprenticeship numbers.
Master Builders Australia warns that Australia’s housing crisis will worsen unless low apprenticeship numbers are addressed. The Australian Bureau of Statistics reported an 8.8% decline in new home builds for 2023-24, the worst in over a decade, with only 158,690 homes started. Chief Economist Shane Garrett highlighted a potential shortfall of over 400,000 homes against the National Housing Accord target. Declines in apprenticeship completions and commencements exacerbate the skilled labor shortage.
October 09, 2024
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