The ABC reports on a Housing Industry Association (HIA) report revealing this year marks the seventh straight year of weakness in housing starts, with Australia experiencing the longest slump in new home building in its post-war history.
The HIA argues new building is being crippled by bottlenecks and that it is a supply side problem, not a demand problem as house prices continue to rise and are out of the reach of the majority of buyers.
ยป Worst house building slump since WW II – The ABC, 18th November 2009.