Well,as usual,I've been out for a Sunday drive,here and there,up and down the coast,out through the 'burbs and into the countryside,as I sometimes do.And you know what,I turned and said to the the cheese and kisses,look,there is very little home building going on.........very little,almost none.
No cranes,no holiday homes,no new estates,nup nothing.So imagine my delight at finding this statistic from the ABS showing the big declines in the sales of tiles,bricks,plasterboard and concrete blocks since 2004.
Be afraid,be very afraid if mining slows.And while u are at it,stay away from home building companies and suppliers.
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