Issue 89

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AFS/01-10-01 www.forestrystandard.org.au

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issue 89 | 17.08.09 | Page 1

Building boost Federal stimulus to jolt upswing in housing starts .. sooner than later

LEADING economic forecaster and industry analyst BIS Shrapnel is forecasting a sharp increase of 21% in Australian housing starts, to 160,000 in 200910. The company says this will be the beginning of a fouryear upturn for the sector. According to BIS Shrapnel’s Building in Australia, 20092024 report, the strength of the upturn in construction will be dependent on the continuation of very low interest rates. And the Housing Industry Association expects a 15% increase in housing starts by the end of this year as the positive impact of low

First home buyers driving upswing in building activity.

mortgage rates and first home buyer stimulus shows up in actual construction. HIA says the number of loans for construction increased for an eighth consecutive

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month in June 2009. The total number of seasonally adjusted loans for owner occupiers increased by 1.1% in the month of Cont Page 6

THIS ISSUE

• RFAs, resource security priorities for forest industry • Sustainable forestry council ‘first’ for industry

• North American forest companies doing it tough • Nation’s top renovator prefers Aussie timber • Deadly coffins death knell for Aussie jobs? • Plywood .. you can bet your life on it! • Environmental groups step up campaign of misinformation • Events – what’s on?

issue 89 | 17.08.09 | Page 1


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