Having already strengthened over the past 12 months, activity in new residential construction throughout Australia is set to remain strong in coming years as the number of housing starts returns to its post-GFC stimulus peak by 2016/17, according to the latest forecasts.

Furthermore, renovations activity is likely to recover over the next 12 months and keep growing thereafter. Releasing the spring edition of its National Outlook report, the Housing Industry Association (HIA) says following a strong recovery last year, the overall number of dwelling commencements throughout the country is set to remain…