Australian Construction Industry Insights July 2022
Three Part Series: Residential Building, Non-Residential Building and Engineering Construction Industry Reports
July 19, 2022
What’s on the horizon for the construction industry?
FTI Consulting’s Construction Industry Insights series, prepared by our Economic & Financial Consulting team, provides important updates on current and future trends expected in the Australian construction sector over the next two to three years.
The industry specific infographics provide a comprehensive overview of the key pressure points and likely factors that will impact the residential, non-residential and engineering construction sectors.
Residential Building Infographic
An ever increasing pipeline of work in residential dwellings means many builders face significant challenges completing and delivering projects. Rising material and labour costs, a spike in the pipeline of building work, and disruptions in global supply chains present considerable challenges and opportunities for the construction sector. Download the latest insights here.
Non-Residential Building Infographic
Non-residential building activity has fallen by nearly 1.3% in 2021-2022, with activity expected to shrink by a further 4% next year. A reduction in government stimulus measures, surging interest rates and changes in consumer behaviour and spending during the pandemic are all contributors to the downturn in commercial building. Download the latest insights here.
Engineering Construction Infographic
After several years of market contraction, engineering construction work is set to rebound – with major projects in renewable and clean energy tipped to boom. However, it is a mixed outlook with investment in roads, water and sewerage and telecommunications expected to slow. Download the latest insights here.
Australian Construction Industry Forum (ACIF) Forecasts May 2022
FTI Consulting in conjunction with the Australian Construction Forum (ACIF) produce bi-annual construction forecast reports to provide decision-makers with detailed commentary, data and charts on the economic drivers for our industry, and 10 year forecasts for residential building, non-residential building and engineering construction.
ACIF forecasts are a primary source of market information for the building and construction industry in Australia. Click here to access the forecasts.