The annual HIA-COLORBOND® steel Housing 100 report has been unveiled and has ranked three Hunter-based builders as part of 2023’s largest Australian residential builders.
This report ranks Australia’s largest 100 residential builders based on the number of homes commenced each year.
HIA Executive Director of the Hunter, Craig Jennion congratulated the local businesses for their efforts amidst recent industry challenges.
“Continuing its place at the top of the ladder, Hunter based MJH Group (NXT Building Group) were recognised as the third largest home builder in Australia with 2,865 starts in 2022/23,” Craig said.
“This included building 2,416 detached houses, making them the third largest builder for this type of home, and third on the list of the largest semi-detached dwelling builders nationally, with 449 starts.
“MJH Group, which trades predominantly in NSW as McDonald Jones Homes and Mojo Homes, also retained its established mantle as the #1 home builder in NSW with 1,228 starts during 2022/23.
With 236 starts, Belmont based Montgomery Homes, moved up the national list 10 spots to be ranked the 56th nationally and 16th largest in NSW.
Craig noted that this recognition is a great feat, considering the shifting landscape of construction over the past two years.
“In recent years the industry has grappled with a rapid escalation in the cost of construction, with materials in short supply and acute shortages of skilled workers. Throughout 2022/23 the industry has faced the added challenge of rapidly rising interest rates.”
“As a result a drop off in activity was reported by three quarters of the businesses on the list, with the lower numbers reflecting the challenging conditions facing the industry over the last year. Despite this some, like Hunter based Montgomery Homes increased their commencements.
“Looking forward, while it was acknowledged that industry conditions will remain challenging in the year ahead, there will be better opportunities with the Australian Government having stated their objective of building 1.2 million homes over the next five years.
“To achieve this the output of regional locations such as the Hunter creates an opportunity to call on Governments locally to work together to eliminate inefficiencies in planning systems, reform the inefficient taxes on housing, develop mechanisms to fund enabling infrastructure and increase the capacity of the construction workforce”.
The full HIA-COLORBOND® steel Housing 100 report can be found on their website.
IMAGE | NXT Building Group in the Hunter.
As Australia's peak residential building, renovation and development industry association, HIA's mission is to promote policies and provide services which enhance members' business practices, products and profitability, consistent with the highest standards of professional and commercial conduct.