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For this reason, two thirds of the builders in this year’s Housing 100 commenced fewer homes than in 2020\/21.<\/p>\n
The market share of this largest 100 builders also shrank from 44 per cent to 36 per cent.<\/p>\n
The market in 2021\/22 was dominated by the adverse impact of rising material prices caused by record levels of demand, supply chain constraints and labour shortages.<\/p>\n
Mr Reardon said that the supply of building materials has improved significantly in recent months.<\/p>\n
“Shipping costs are declining and the rise in building material costs on the ground is slowing, in some cases, prices have fallen.<\/p>\n
“The cost of building will continue to increase in 2022\/23, but at a slower rate than last year.”<\/p>\n
A notable feature of the market in 2021\/22 was the return of apartment builders.<\/p>\n
The loss of overseas migration saw the apartment market shrink rapidly at the start of the pandemic, but a return to work and study is seeing the apartment market recovering.<\/p>\n
A stabilisation in the cost of construction combined with an acute shortage of rental accommodation will continue to see a strengthening in the apartment market.<\/p>\n
Mr Reardon explained that the return of overseas students, tourists and migrants will see the number of multi-unit dwelling starts continue to recover the further we get away from the pandemic.<\/p>\n
The key highlights from this year’s HIA-Colorbond Steel Housing 100 Report shows that the largest 100 residential builders:<\/p>\n
Reduced their share of the new home building market from 44 per cent (all time high) in 2020\/21 to 36 per cent in 2021\/22<\/p>\n
Accounted for 77 per cent of the detached homes built in Australia in 2021\/22<\/p>\n
Built 15 per cent fewer homes, from 88,215 home starts in 2020\/21 to 74,973 in 2021\/22<\/p>\n
Built 4 per cent fewer detached houses compared to the previous year, 21.3 per cent more multi-units<\/p>\n
Despite this fall in the number of homes, the industry earned 8.8 per cent more revenue from home construction, up to $34.7 billion in 2021\/22 due to the rise in the cost of construction.<\/p>\n","protected":false},"excerpt":{"rendered":"
Metricon has again topped the HIA-Colorbond Steel Top 100 Report which ranks Australia’s largest 100 residential builders based on the number of homes commenced each year. Metricon Homes reported a total of 5,969 home starts for the 2021-22 year, marginally lower than the 6,052 starts the previous year. These starts were across Victoria, Queensland, New […]<\/p>\n