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The Australian residential building industry contributes $95 billion each year to the Australian economy and drives the economic livelihood of millions.
HIA provides data, in-depth research and expert analysis to help HIA members and non-members understand the influences that affect the housing industry and guide them to adapt their strategic planning and stay ahead of the curve.
Explore our reports, forecasts and insights to find out what lies ahead for home building and find out more about the specific issues that impact your business.
Housing Outlooks
Each quarter, our Housing Outlooks provide a detailed analysis of national and state-specific home building and renovations activity. This data is collected from our membership base who are responsible for more than 80% of Australia’s residential construction work each year.
HIA creates a significant library of expert-led reports specifically designed for builders and business owners in the residential building industry. Our Housing 100 series and New Home Sales Reports are HIA-exclusive and are built from data collated from Australia’s largest builders. HIA also produces national and state-specific outlooks, detailed analysis of housing affordability and land statistics, the latest stamp duty developments and much more. Get all the information you need on our industry, right here.
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HIA-COLORBOND steel Housing 100
Review the latest activities, market share and statistics of Australia’s largest homebuilders and residential developers.
Building Australia’s economy
Across the country the residential building industry is a driver of Australia’s economy, with billions in economic activity delivering around 200,000 homes every year. HIA’s mission is to support the housing industry to sustain their businesses throughout the industry cycles with accurate forecasting and strong advocacy. We speak up for the one million people working every day to build Australia’s homes of the future.
As we get closer to the 2-3% target, inflation becomes stickier
The data on inflation for the month of July was quite unremarkable and broadly in line with recent assessments of inflation. As we get closer to the 2-3 per cent target, inflation becomes stickier. Another way of putting it is that the rate of getting inflation down becomes slower.
Household goods retailing appears to have strengthened
The value of retail trade turnover in the month of July 2024 was unchanged from the previous month. Over the past three months to July, retail trade was valued at $108.3 billion which is 0.9 per cent higher than in the previous three-month period, to be 2.3 per cent higher than at the same time last year.
The national economy is not representative of the household economy
Real GDP in the June quarter 2024 grew by 0.2 per cent in the quarter and 1.0 per cent in the year. There continues to be an inconsistency between what is happening in the economy in the aggregate and how individual households feel.
Market confidence appears to be returning to the home building market
The rates of growth is impressive but are coming off a very low base, particularly for Hobart, Darwin and Canberra. Detached house approvals over the year to July 2024 actually fell by 19.6 per cent in Canberra, 26.7 per cent in Hobart and 32.0 per cent in Darwin, so they are not out of the woods, at least not yet.
Tailored research & analysis
Looking for specialised research for your business or industry sector? Contact the HIA economics team to source data, analysis and tailored information.
Meet the team
HIA economics is Australia’s leading source of analysis, forecasting and information on the residential building industry and all things home building. Our team understands the industry, the trends and the businesses that deliver almost 200,000 homes every year. Providing reports, undertaking research and presenting at events across the country means we are connected to what’s happening on the ground now. The information you get from HIA economics stands out from the rest.
HIA economics provides industry insights based on what we hear from builders, tradies, manufacturers and suppliers ‘on the ground’ across Australia. Industry knowledge is our strength.
Tim Reardon
HIA Chief Economist