There may have been little growth in new home sales last month Australia wide, but Western Australia helped keep the national figures in positive territory, with an industry figure foreshadowing a bottoming-out in the state over the year.
Brookfield Multiplex has taken the top spot on the HIA-Cordell top 100 list of companies operating in the engineering construction, non-residential building and apartment sectors.
Evidence is continuing to mount of weakness in the new housing construction sector, with sales of new homes down 1 per cent in June, the third consecutive month of declines in Western Australia.
New home sales in Western Australia have resumed the downward trajectory of 2015 following a modest rise in April, dropping by 8.1 per cent in the month of May, according to the Housing Industry Association.
New home sales in Western Australia continued to decline in February, falling to a level 14.3 per cent lower than the five-year peak recorded in October last year.
BGC has been knocked off the top spot in a ranking of Australia's largest home builders, but the Perth-based company remains the nation's biggest builder of detached houses.
The Housing Industry Association says Western Australia is set for second consecutive year of strong housing construction, despite a 7.1 per cent fall in new home sales in the month of July.
New home sales rebounded slightly in Western Australia in June, following the first fall in 2014 in the previous month, according to the latest research from the Housing Industry Association.
The latest land sales figures for Western Australia reflect strong demand but an inadequate supply of building-ready lots, according to the Housing Industry Association.
The upward momentum of the Perth housing market may not be as strong as previously thought, with new home sales falling for the first time this year, according to the latest report from the Housing
