Good news for JBP as residential construction sector shows strongest growth in 10 years

Low interest rates and unfulfilled demand were the key movers behind the record expenditure of $56.5 billion on residential construction in Australia during 2014.

NSW Economy boosted by construction and retail

NSW has been named the best performing state economically by Treasurer, Andrew Constance.

A CommSec State of the States report ranked NSW in top spot thanks to population growth and a shortage of housing resulting in strong home building.

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JBP Construction Awared Club Hamilton Accommodation Village Contract

The Expansion of FMG's Club Hamilton Accommodation village in South Hedland has been given to JBP Construction. Work begins in August to be completed in February next year.

Optimised Design Could Cut Emissions in Half

A University of Cambridge study has found that construction industry carbon emissions could be cut by up to 50% if designs are optimised to use more efficient materials.

The study was published in the journal, Proceedings of the Royal Society A, funded by the EPSRC (Engineering and Physical Science Research Council).

Read more about the study here.

Skills shortage leads to job increase

Data from the Australian Bureau of Statistics shows that more than 43 500 jobs have been created over the past twelve months in the Australian construction industry due to increased building activity and the emergence of skills shortages in some trades.

Read More at Sourceable.

Aussie Construction Lifts In Q1 2014

A report from the Sydney Morning Herald shows that the March quarter of 2014 has seen a rise of 0.3% in construction work.

Tom Kennedy from JPMorgan said there are some "encouraging signs that we are seeing a rotation away from resource-sector led investment and building work toward the residential component."

Is the Aussie economy rebalancing itself away from mining investment? It will be very interesting to see the next quarter's results.

Read more here.

Gladstone Airport Fire Station Almost Complete

JBP Construction has almost finished completion on the Gladstone Airport Fire Station.