Building approvals jump, but it won't last
Homebuilding is set to decline despite new official figures showing a jump in the pipeline of new housing approvals made by local councils.
ASX-listed home builder Tamawood on Wednesday said it would delay its dividend and warned of a COVID-19-driven slowdown, even as Australian Bureau of Statistics figures showed new housing approvals jumped in February on the back of Victorian apartment approvals that grew at their fastest pace more than 25 years.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Residential
Fetching latest articles