Research

Building characteristics reflect far less exuberance in the post-2008/9 recovery

Building characteristics reflect far less exuberance in the post-2008/9 recovery, compared with the pre-2008 boom period, and continue to point to a far more constrained Household Sector financial position.

Evidence of “exuberance” building in a residential market can often be seen in the characteristics of the residential buildings that are being built during certain periods, on top of looking at the overall level of building activity, house price growth and other indicators.

Property Barometer_Residential_Building_Characteristics (FNB)