The recent fall in new dwelling construction reflects a decline in the construction of new houses, while activity in the medium - density sector increased strongly over the first half of the year. (rba.gov.au)
Growth at the end of 2003 was concentrated in new dwelling construction, with renovation activity making only a modest contribution to growth. (rba.gov.au)
Growth in activity has been boosted by continued increases in the value of the average new dwelling constructed, and by strong growth in spending on alterations and additions. (rba.gov.au)