According to The Australian Financial Review, house-building grew at its fastest pace in three months in May, creating more work for the tradies and their utes servicing the detached home sector and keeping the construction industry in growth for a 16th straight month.
"The construction industry is busier than ever in 2018, with strong demand across most major segments of the market," said Julie Toth, the chief economist of industry body Ai Group, which produces the monthly index with the Housing Industry Association.
"Residential construction activity remains elevated but it is clearly slowing from recent peaks, with house construction now taking the lead over apartments. Engineering construction continues to expand, as it works its way through a very large pipeline of transport and other major infrastructure projects."
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