Housing Industry Association (HIA) announced that there was a slight lift in dwelling starts in the March 2020 quarter, but new starts continue to be eclipsed by completions. More number of new homes were completed than new projects getting started. Thus, presently there are less active building sites around the country.
The number of detached houses under construction has declined by 20% since the building cycle peaked in mid-2018.
Seeing the drop in the sales activity during the lockdown between March and May, HIA expects that the next update to this data shall demonstrate that building activity declined further during the June quarter.
Which stock gained the most attention in 2019? Find out in our exclusive report on the much talked about lithium stocks which gained the most investor attention amidst the volatile and high drama electric vehicle market.
Read about the shift in the Electric Vehicle market in 2020 and the consequent focus on Lithium in our report.
Get an insight into the lithium prices and the trends. The supply glut kept the lithium prices in check. The escalated bilateral trade dispute between the United States and China significantly impacted the lithium chemical prices.
Understand the performance of mining companies. The lithium mining companies managed to sail through the turbulent white gold market by limiting the production in correspondence with the demand from the offtake partners.