Dubbed the “completions crash”, it’s thought to be coming sooner rather than later – and the impact on Australia could be profound.
The first is the flow of floor area starts , which is the number of new buildings begun for construction over a given period.So the floor area fell by more than two-thirds from the peak and the current sales project even further falls.
In fact, the measure of the stock of building floor area under construction is down by only 11 per cent from the peak: But there are complicating factors. Some developers have started, stalled and restarted developments, so they are registering as “under construction” but not new starts.
Actual Building Activity China Property Property Construction Volumes Completions Cliff Oceania David Llewellyn-Smith Economics Portal Australian Bulk Commodity China Bulk Commodity Demand Founding Publisher Eastern Asia Completions Trend Business Reporter Edward Boyd Iron Ore Construction Volumes Australia And New Zealand Floor Area Starts Stock Market Floor Area Residential Floorspace Completions Asia Canberra Australian Capital Territory Chinese Property Construction The Goldman Sachs Group Inc. Australia Global Economy Editor Iron Ore Price
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