Australia's construction industry suffered a slump over December and January due to the impact of the Omicron variant, continuing the sector's volatile run over the past six months.
Dwelling approvals in WA dropped by 3 per cent in October, stabilising from a 21 per cent drop the previous month, Australian Bureau of Statistics data shows.
Dale Alcock's ABN Group has grown to become Australia's second largest residential housing builder while BGC Housing Group has maintained its ranking as WA's biggest.
Industry has hit back at claims the residential building industry is facing widespread delays of three years or more for the construction of new homes.
New lending for housing in Western Australia has dropped 7.9 per cent after applications under the state's Building Bonus Grant closed, while national lending has risen to a record high.
Retail sales fell 1.5 per cent in Western Australia in April but merchandise exports continued to boom, hitting a record $205 billion in the previous 12 months.
Australia's homebuilding sector smashed another record last month, with detached building approvals in February reaching their highest level since 1983.
The Housing Industry Association has forecast a record near-130,000 detached home starts for Australia in 2021, with a steep decline in numbers predicted early next year.
The number of new home sales across the country continued to soar in December as buyers rushed to beat stimulus deadlines, but not in Western Australia.
Western Australia recorded the largest improvement in building approvals of all states, underpinned by government stimulus measures and first homebuyer demand.
The state government has said it will allow applicants for the federal government's HomeBuilder grant scheme a further three months to commence construction.
Dale Alcock's ABN Group recorded a decrease in revenue from its Western Australian operations over the past financial year, while revenue from its Victoria operations increased.