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Meanwhile, in the real world.... Our mate at HIA has got his latest out. Today?s ABS release of housing data includes crucial information regarding dwelling commencements, and confirms a modest increase for 2012/13 following two consecutive yearly declines, said the Housing Industry...

Did Steve Keen steal your password?

ABS Update Highlights the Challenge Ahead of New Home Building Poor 'ol Harley at the HIA could do with some Shadow-tinted glasses. Do you have a spare pair? “Even allowing for a higher GFC stimulus-induced peak in 2010, the subsequent drop in dwelling commencements (housing starts)...

Not sure why Shad is so keen for this boom, beyond the need to protect his obviously fragile sense of self-worth. His prediction was always for this mythical construction boom to precede an almighty crash in house prices. All should be happy he is and will be proved wrong on both counts.:)...

The press release isn't up on the site yet but for those interested: Sharp Decline in Building Approvals Underlines Delicate State Of Housing Industry The number of residential building approvals fell by 5.5 per cent during March, said the Housing Industry Association, the voice of...

Looks a bit different in context, don't you think. Keep on tryin' young fella.

So in 2013 they're forecasting a recovery? From what exactly? A boom? :rolleyes:

Cognitive Dissonance Level - 11. Title of said document: "Land Sales Signal Inadequate Home Building Recovery" HIA Report 28th April - Australia's Housing Industry : The Cold Hard Facts FACT: This year, Australia will build 25,000 less homes than we did a decade ago. FACT: Building...

Sure it is. If you didn't notice a credit crunch you weren't paying attention, young fella. Either that, or you had your Shadow-glasses on. I guess both. In any case, perhaps you should change the title of the thread to "There may, at some unspecified time in the future, be people...

Have you been reading things with your Shadow-coloured, cognitive-dissonance-protecting glasses again? We've spoken about that before. It's bad for your posture and makes you look needy. An increase in non-residential construction is relevant how, exactly?

ABS building approvals for April out today. The trend estimate for private sector houses approved fell 1.4% in April and has fallen for 28 months. The seasonally adjusted estimate for private sector houses fell 11.1% in April following a rise of 3.7% in the previous month. The boom...

Conditions in vacant land market weakest in a decade Land sales signal weak year for new home building says HIA-RP Data Residential Land Report

I can't think of anyone on this forum who was talking about a 40% fall. What tends to happen is people talk about other people talking about a 40% fall. But it's really hard to find the other people.

Indeed. We must remember that the market can only be categorised as booms or crashes.:D

Another way to think about it is that Shad is a powerful contrary indicator. Confidently predicted construction boom 10/11...10/11 sees big construction downturn. Now, given he also predicted a massive property crash around 2016, perhaps we're in for a boom mid-decade:cool:

Construction Industry Continues to Languish : AIG Crappy March according to the Performance of Construction Index. Presume it's another sign of a boom beginning.....

You're starting to sound *really* needy. I'm thinking a construction boom would best be defined as a boom in construction. You know, buildings and whatnot. If government announcements constitute a thing beginning, then everything has begun. The grown-up thing to do would be to accept...

It's interesting pathology, isn't it?

Did I miss a gag?

Quality contribution to the conversation. Congrats.