The Latest Breaking News from HomeBuilder

Homebuilder stocks are having a banner year, outpacing the broader market on a wave of optimism that mortgage rates will fall and juice home sales

Treasurer Jim Chalmers will reveal today that a jobs boom and company profits have helped drive the surplus above $4.2 billion, and the Morrison government’s HomeBuilder scheme was a dud which made building and renovating more expensive.

The deadline to submit supporting documentation for HomeBuilder applications will be extended for those affected by supply constraints and construction delays.

Those who previously met the grant's criteria now fear they will miss out.

Enticed by the HomeBuilder scheme, Zac Meyers and his partner began building a townhouse in Adelaide's west 18 months ago. He now says they stand to lose $25,000.

KB Home announced that its buyer cancellation rate in the fourth quarter of 2022 spiked to 68%. That's up from 13% in the fourth quarter of 2022.

The HomeBuilder program successfully drove activity in the building sector and supported households, but also stretched the construction industry very thin.

The government is promising a massive housing construction surge all the way to the end of the decade. How will it work?

It’s a tough time to build or renovate a house in Australia. Prices are up, well above inflation. Finding materials and getting them on time is a challenge. Builders are grappling with too much work and stress (with some folding as costs rise too fast). Customers are being confronted with…