“A record year for detached home building has kept skilled trades in very high demand in the June 2021 quarter,” stated HIA Economist, Angela Lillicrap.
The HIA Trades Report was released on July 28 2021. It provides a quarterly review of the availability of skilled trades and any demand pressures on trades operating in the residential building industry.
“The HIA Trades Availability Index improved marginally from -0.55 to -0.53 in the June 2021 quarter indicating that the industry is experiencing one of the most significant skills shortages of the past 20 years. This small improvement reflects quarterly volatility, not a material improvement in the supply of trades,” added Ms Lillicrap.
“At the end of HomeBuilder, there was over 120,000 applications for a new build or renovation expected to enter the construction pipeline, stretching the availability of trades. This is vastly different conditions compared to the same time last year when the supply of skilled trades was close to equilibrium.
“This shortage is occurring to varying extents across all regions and all trades measured in the report.
“The skills shortage is expected to ease in 2022 as the number of new homes commencing construction slows.
“The current surge in building activity means that it is a good time for anyone interested in starting an apprenticeship or learning a trade,” concluded Ms Lillicrap.