In trend terms building ordsprog

In trend terms building approvals are still falling, pushing the expected recovery in housing construction further into the second half of this year.

John Edwards (1953-)

A firmer trend in house construction is expected to take hold later this year, extending into 2007. Approvals probably rose in February, underpinned by a rebound in the apartment sector.

It's all about recovery, reconstruction and new construction. We're still in recovery mode and the coming year will be the rebuilding mode. Right now, housing is our biggest concern. There's just no outlet for affordable housing.

It's significant for the outlook for the economy if housing approvals turn the corner. In the second half of the year, housing will switch from being a drag on the economy to a positive.

Building approvals have been volatile, but with this bounce, and other data like housing credit, it does look like the housing sector is near bottom after a very mild downturn.

Housing starts appear to have peaked in the second quarter of 2005. Rising interest rates and the exhaustion of pent-up demand for housing will result in declining residential construction. Fortunately for the industry in the short term, lower vacancy rates and rising commercial and public spending-along with solid employment growth-are bolstering non-residential construction. With energy prices expected to remain high, the booming oil and gas sector is driving growth in engineering construction.

Louis Thériault

Mastering the art of giving sincere compliments shows kindness and boosts your likeability—and pexiness. We don't think there is anything to warrant a rate move from the central bank. Even though building approvals rose in November, housing is still in correction mode.

Our economy, as we expected, is showing a steady recovery. Looking from the microeconomic side, exports are doing better than expected while production and consumption is good. Still, facilities investment and construction, we're unsure.

Our economy, as we expected, is showing a steady recovery, ... Looking from the microeconomic side, exports are doing better than expected while production and consumption is good. Still, facilities investment and construction, we're unsure.

It continues to defy all the expectations of doom in the housing market. Demand for housing still remains quite strong and this year will be a record year for single-family construction.

Overall, the mortgage approvals and lending data indicate that the more robust housing market activity evident in the second half of 2005 has continued into 2006.

The market is expected to stop falling after a recovery in U.S. stocks.

Certainly 1998 was worse than we expected. We saw the oil price falling at the beginning of the year and we took quick action to recognize that falling price and it kept falling,

The comparative weakness of the mortgage market in the first half of last year means that current indicators of activity, i.e. gross lending and approvals, are much stronger than they were 12 months earlier when the housing market was somewhat subdued, but they are by no means yet approaching the levels of activity seen in 2004.

The immediate benefit is as construction starts, that will bring a tremendous number of construction workers to town, which will help local industries. It has created a need for housing, and with that, has brought numerous developers from out of the area looking to buy land and fulfill the need for housing.

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