In its Housing 100 report, written in cooperation with Colorbond Steel, the Housing Industry Association reported that the number of residences on which the country’s 100 largest residential building firms broke ground decreased from 74,565 in 2017-18 to 67,694 in 2018-19.
In addition, revenue generated by the Housing 100 decreased from $25.389 million in 2017-18 to $21.291 million in 2018-19.
Six of the top ten home builders broke ground on a lower percentage of homes and apartments last fiscal year in comparison with the previous fiscal year.
This marked decrease mirrors the weakening of the market for new home and apartment building.
As of March, the number of housing starts in Australia ranked at 209,664.
This stands in direct contrast with the 225,569 starts that took place in the year ending March 2018.
The top 100 home builders actually saw an increase in housing starts from 33 percent in 2017-18 to 35 percent in 2018-19.
This means that smaller builders are actually suffering more from the downturn in home construction.
Victorian home builder Metricon came out on top in 2018/19 with a total of 4,473 starts.
Other leaders in this field were Meriton Apartments (3,288 starts), ABN Group (2,954 starts), Dyldam Developments (2,722 starts) and Simonds Group (2,580 starts). Metricon ranked as the largest detached house builder while Meriton qualified as the largest multi-unit builder. Philip Usher Constructions Pty Ltd came out as the biggest builder in semi-detached housing.
Larger builders came out on top of the detached home market.
Housing 100 builders claimed 57 percent of the market for detached dwellings, marking an increase from 54 percent in 2017-18 and 45 percent in 2016-17.
The largest 100 home builders’ claim on the semi-detached and multi-unit markets ranked at 16 percent and 27 percent, respectively.