More building companies to 'topple over', as display home giant Metricon sheds staff to survive

  • 📰 abcnews
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 83%

United States News News

United States United States Latest News,United States United States Headlines

One of the nation's most prominent home builders is set to shed almost a tenth of its workforce, as concerns continue about Australia's construction industry.

At the same time, the industry has been grappling with soaring inflation or price hikes on a range of crucial materials, including timber, flooring and even toilets.

BIS Oxford Economics senior economist Maree Kilroy told ABC News that Metricon's restructure was expected in the current climate."And we expect the build costs to remain elevated for another 12 months. "This is on top of a higher assumed dropout rate for projects, with a significantly greater share of approved dwelling not making their way to completion.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

AirbusAlbo is in a race with Brandon to see who can root an economy fastest.

Poor them, they had such a tough time in the past 15 years...

The RBA's latest interest rate rise will guarantee these failures. No concept of what a business (and individual's) need to survive

What did they do with all their jobkeeper handouts and the money for building house renovations and additions

A company is only as good as its management

And yet - Albanese banging on about an Indigenous voice to parliament 🙄 he needs to check his priorities because that isn’t even in the top 10

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Matthew Guy’s chief of staff quits over proposal for party donor to pay his company directlyMitch Catlin had forwarded Victorian opposition leader proposed contract requiring donor to pay his company $8,333 a month Dear mr Guy. We want Fisherman’s Bend back! Can you ask your property developer mates to give back their millions? Yours sincerely, People of Victoria. BREAKING: Party that thought Tim Smith offered something found to be utterly useless. rememerthisnovember
Source: GuardianAus - 🏆 1. / 98 Read more »