As resource construction work drops back, the recovery in the residential building sector continues to gather momentum as home building activity throughout the nation surged to its second highest level on record in the March quarter, the latest figures show.

Meanwhile, housing affordability has surged to twelve year highs on the back of low interest rates, subdued house prices and growth in household earnings. On a seasonally adjusted basis, the latest data from the Australian Bureau of Statistics shows that the overall dollar value of construction work done throughout Australia…