The shaky foundations of the housing construction boom

The boom in housing construction is welcome news for policy makers, but with building approvals having already peaked the boost to investment could be fairly short and sweet.

The housing construction boom has finally begun. Approvals to build have finally transitioned to the construction stage and that will be welcome news for the Reserve Bank of Australia and the Australian economy. But with mining investment beginning to contract will that be enough to keep the Australian economy on track?

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