Construction Funding – Industry Update

Construction - 12 Month Look-Back

It has been pretty well documented in the mainstream media, the issues that have faced the construction industry over the past 12 months. Volatility within the market has been caused by a mix of supply chain issues, rising costs of materials and labour shortages. Each week heralds reports of another builder "going under", or at the very least under severe pressure to deliver their current and future workbooks. The issues haven't been constrained to the smaller end of town either, as builders large and small have fallen by the wayside.

At present, there doesn't seem to be an immediate end in sight to these issues. Unemployment is running at all-time lows, precipitating a real skill and trade shortage. Throw into the mix the recent east coast floods, which has meant "Insurance work" is moving to the 'front of the queue' by offering higher prices for trade work. The lack of certainty around cost and supply of human resourcing to