{"id":18792,"date":"2019-08-28T04:29:15","date_gmt":"2019-08-28T04:29:15","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=18792"},"modified":"2019-08-28T04:37:26","modified_gmt":"2019-08-28T04:37:26","slug":"australian-residential-construction-to-decline-until-2021-abc","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2019\/08\/28\/australian-residential-construction-to-decline-until-2021-abc\/","title":{"rendered":"Australian residential construction to decline until 2021 | ABC"},"content":{"rendered":"<p>One of Australia&#8217;s largest cement and construction materials producers, Adelaide Brighton Ltd (ABC), announced their half year results today. The <a href=\"https:\/\/adbri.com.au\/-\/adbri\/lib\/pdfs\/2016\/asx%20announcements\/ASX%20-%20June%202019%20Media%20statement%20and%20cover%20sheet.pdf\">media statement<\/a> contains a decidedly bearish outlook for the housing market.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/abc-logo.png?w=525&#038;ssl=1\" alt=\"ABC logo\" \/><\/p>\n<blockquote>\n<h3>Operational Review<\/h3>\n<p>Demand for construction materials slowed further during the period. Australian residential construction approvals declined more than 25% on seasonally adjusted terms for the six months to June 2019 and <strong>residential construction is forecast to continue to decline until 2021<\/strong>, until it returns to growth. However, the Company expects both mining and infrastructure to increase demand for construction materials in the near term. Capacity expansion in iron ore and gold production, along with the reopening of nickel capacity, will increase the demand for both cement and lime in Western Australia and the Northern Territory.<\/p>\n<h3>Outlook<\/h3>\n<p>For the balance of 2019, Adelaide Brighton expects demand for construction materials to:<\/p>\n<ul>\n<li>Weaken in east coast markets and South Australia, until the commencement of further planned infrastructure projects;<\/li>\n<li>Remain stable in the Northern Territory and Western Australia;<\/li>\n<li>Improve in the lime business as a result of increased gold and nickel production in Western Australia; and<\/li>\n<li>Increase in concrete and aggregates due to more available work days, seasonality and volumes generated via Scotchy Pocket quarry.<\/li>\n<\/ul>\n<\/blockquote>\n<p>Auction clearance rates in Sydney and Melbourne have improved but sales volumes remain low. We have witnessed <a href=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/08\/24\/asx-rate-cuts-not-helping\/\">recent improvement in consumer attitudes towards housing investment<\/a> but whether this translates into increased activity will depend on:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>APRA&#8217;s macro-prudential controls on bank lending;<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-08-28-aus-housingcredit.png?w=525&#038;ssl=1\" alt=\"Australia Housing Credit\" \/><\/p>\n<ul>\n<li>The global economy;<\/li>\n<li>Impact of the trade war on China&#8217;s economy; and<\/li>\n<li>Domestic employment prospects.<\/li>\n<\/ul>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2018\/2019-08-28-aus-underemployment.png?w=525&#038;ssl=1\" alt=\"Australia Unemployment &amp; Underemployment\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of Australia&#8217;s largest cement and construction materials producers, Adelaide Brighton Ltd (ABC), announced their half year results today. The media statement contains a decidedly bearish outlook for the housing market. Operational Review Demand for construction materials slowed further during the period. Australian residential construction approvals declined more than 25% on seasonally adjusted terms for &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/08\/28\/australian-residential-construction-to-decline-until-2021-abc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Australian residential construction to decline until 2021 | ABC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,46,10],"tags":[108,3956,792,1227,1732],"class_list":["post-18792","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-deficit-spending-employment","category-housing-economy","tag-abc","tag-adelaide-brighton-ltd","tag-construction","tag-employment","tag-housing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australian residential construction to decline until 2021 | ABC - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australian residential construction to decline until 2021 | ABC - the patient investor\" \/>\n<meta property=\"og:description\" content=\"One of Australia&#8217;s largest cement and construction materials producers, Adelaide Brighton Ltd (ABC), announced their half year results today. The media statement contains a decidedly bearish outlook for the housing market. Operational Review Demand for construction materials slowed further during the period. Australian residential construction approvals declined more than 25% on seasonally adjusted terms for &hellip; Continue reading &quot;Australian residential construction to decline until 2021 | ABC&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2019\/08\/28\/australian-residential-construction-to-decline-until-2021-abc\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-28T04:29:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-28T04:37:26+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2018\/abc-logo.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/08\/28\/australian-residential-construction-to-decline-until-2021-abc\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/08\/28\/australian-residential-construction-to-decline-until-2021-abc\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Australian residential construction to decline until 2021 | ABC\",\"datePublished\":\"2019-08-28T04:29:15+00:00\",\"dateModified\":\"2019-08-28T04:37:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/08\/28\/australian-residential-construction-to-decline-until-2021-abc\/\"},\"wordCount\":261,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2019\/08\/28\/australian-residential-construction-to-decline-until-2021-abc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2018\/abc-logo.png\",\"keywords\":[\"ABC\",\"Adelaide Brighton Ltd\",\"Construction\",\"Employment\",\"housing\"],\"articleSection\":[\"Australia &amp; 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Headwinds stem mainly from domestic sources. Low employment and disposable income growth have slowed consumption, especially of durables such as housing and motor vehicles. Construction work done in the private engineering sector (mainly\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":43458,"url":"https:\/\/thepatientinvestor.com\/index.php\/2023\/08\/16\/eric-basmajian-predicts-recession-by-q1-next-year\/","url_meta":{"origin":18792,"position":2},"title":"Eric Basmajian predicts recession by Q1 next year","author":"Colin Twiggs","date":"August 16, 2023","format":false,"excerpt":"Interview with Eric Basmajian of EPB Research: https:\/\/youtu.be\/ztfUeeGwq0k Eric breaks down the economy into four\u00a0 \"buckets\" that tend to experience a recession in a set sequence, with considerable lags between the four: Leading Items that are highly sensitive to interest rates, and where there is a limited or loose contractual\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"Leading Sectors","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-08-15-leading.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-08-15-leading.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-08-15-leading.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-08-15-leading.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":5384,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/04\/australia-housing-market-weakens\/","url_meta":{"origin":18792,"position":3},"title":"Australia: Housing market weakens","author":"Colin Twiggs","date":"September 4, 2012","format":false,"excerpt":"Housing credit growth is at its lowest level in over 30 years: lower than the dip of the early 1980s and the crash of 1987. The current rate of growth is barely sufficient to match already depressed construction rates for new homes*. The decline should see a gradual softening of\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":50653,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/04\/02\/us-manufacturing-pmi-jumps\/","url_meta":{"origin":18792,"position":4},"title":"US Manufacturing PMI jumps","author":"Colin Twiggs","date":"April 2, 2024","format":false,"excerpt":"The US economy looks healthy, with strong manufacturing and construction numbers. But soaring Gold prices warn that something is amiss. The Institute for Supply Management shows a strong upsurge in US manufacturing in March, with the PMI\u00ae recovering to 50.3% -- the first expansion (above 50) in sixteen months. New\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"ISM Manufacturing PMI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-01-ism-mnfg-pmi.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":18577,"url":"https:\/\/thepatientinvestor.com\/index.php\/2019\/07\/27\/iron-ore-tailwinds-lift-the-asx\/","url_meta":{"origin":18792,"position":5},"title":"Iron ore tailwinds lift the ASX","author":"Colin Twiggs","date":"July 27, 2019","format":false,"excerpt":"Further increases in iron ore prices are predicted. Enrico de la Cruz at Mining.com reports: Singapore-based steel and iron ore data analytics firm Tivlon Technologies is keeping its price forecast of $150 a tonne by October. \u201cWe expect the launch of infrastructure projects in China to peak in the third\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18792","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=18792"}],"version-history":[{"count":3,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18792\/revisions"}],"predecessor-version":[{"id":18795,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/18792\/revisions\/18795"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=18792"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=18792"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=18792"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}