Confidence among builders spiked in the December quarter, a Master Builders Australia survey showed, The Australian Financial Review reports.
According to the newspaper, builders believe their businesses will be better in six months and most expect sales to rise while costs remain under control.
MBA chief economist Peter Jones said the survey supported his forecast for a lift in residential building, to almost 200,000 building starts in 2016, compared with 162,000 in 2012-13.
Non-residential builders were less optimistic but confidence improved in the most recent survey due to lower costs and easier finance, the AFR reports.
Quick Summary
MBA survey shows builders expect a lift in sales while costs remain under control.
Associated image
Media
Categories
Primary category
Keywords
Status
Published