Low demand for new homes stifles building sector

BUILDING approvals across the Wide Bay and Burnett have remained steady, but low demand for new homes continues to impact on the construction sector, new figures show.

The Master Builders monthly building approval figures show 117 houses were approved across Wide Bay in July, compared to 116 in June.

Master Builders regional manager for Wide Bay Michael Hopkins said the group anticipated employment for Fraser Coast construction companies would be driven by projects such as Stockland Shopping Centre and St Stephen's Hospital, rather than by new homes.

"Reports from our members confirm that the level of demand for new housing in the region remains a major constraint to building companies," he said.

The number of total residential dwellings, including houses, approved across Wide Bay and Burnett in July was 119.

It had dropped from 126 total dwellings approved in June.



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