The Engineered Wood Products Association of Australasia (EWPAA) and Australian Forest Products Association (AFPA) have both welcomed the Federal Government’s extension to the timeframe for construction commencements under its HomeBuilder program.
EWPAA’s Chief Executive Officer, Mr Gavin Matthew said, “HomeBuilder and associated State government stimulus measures have successfully underpinned increased consumer confidence and significant new home and renovations demand in key markets around Australia. Over the last few months, the building sector identified a strong need to smooth and prolong new housing and renovation demand into 2022”.
“The Federal Government has responded by extending the existing six-month timeline between signing a contract and construction starting to 18 months in the Homebuilder program. This welcome refinement will positively impact jobs, businesses, and communities right across Australia, and support the broader construction supply chain into 2022,” Mr Matthew concluded.
“The domestic industry supplies around 80 per cent of timber used in Australian home construction and ramped up production to keep pace with record the demand, spurred in part by HomeBuilder. Extending the timeframe for new builds will take the pressure off and allow more time for stock to be produced and delivered to builders” says Chief Executive Officer of AFPA, Ross Hampton.
Source: EWPAA, AFPA