This article reports weak growth in the Australian commercial and apartment building activity in April 2007, which has outweighed the slight improvement in the house building sector. The article further indicates that new orders have decreased and builders have resorted to discounting of house prices to boost sales. The article indicates that the weak month has already resulted in a decline in employment and reduction in supplier deliveries, and that the trend may extend to future months as a result of the reduced orders.
The article draws a distinction between commercial construction which has declined, and the residential construction market which has shown growth and an increased level of demand.
The article demonstrates the immediate impact of consumer and commercial demand for construction on the industry and further shows how responsive the industry is to the market and the actions or demands of outsiders generally.
http://www.azobuild.com/news.asp?newsID=3661
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