The Australian Industry Group and Housing Industry Association Performance of Construction Index (PCI) climbed 4.3 points to 57.5 points in November, staying above the 50-point level indicating expansion for the 10th month in a row.
"Activity in the construction sector, which has been expanding for most of the year, accelerated further in November as higher activity levels in both engineering construction and house building were backed up by a surge in commercial construction," he said.
Engineering construction remained the strongest performing area of construction activity, lifting 3.2 points to 64.1 points - an 11-and-a-half-year high - on the back of rising momentum in the roll-out of large-scale infrastructure projects.
The rate of expansion in commercial construction lifted to its second highest level in almost three-an-a-half years, up 9.7 points to 59.8, amid an increase in the number of projects entering the work pipeline.
Overall activity was also helped by expansions in new orders, deliveries from suppliers and employment.
"Looking further ahead, other factors - including regulatory restrictions - will force new home building to move lower over the next couple of years."
Source : https://nz.finance.yahoo.com/news/infrastructure-homes-boost-construction-000508771.html