Housing construction went backwards in both the June quarter and the financial year, and engineering construction leapt 10 per cent year on year, powered by the infrastructure boom that is sucking resources out of other sectors of the building economy.
Official figures published on Wednesday showed the value of residential construction slipped 0.1 per cent in the three months to June, making it the third straight quarter of decline and clipping the yearly total to $80.2 billion, down 0.4 per cent from last year.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
