Small builders struggling to survive as construction sector dominates insolvencies
The construction industry is experiencing more insolvencies than any other sector of the economy, with smaller builders faring especially poorly.
Empty building sites are a new home buyer's worst nightmare but signs are emerging that such outcomes are becoming less frequent. (Image source: Shutterstock.com)
Smaller builders are bearing the brunt of a continued wave of insolvencies in the construction industry.
New quarterly commercial insights data from Equifax reveals a high, but slowing, insolvency rate in the construction sector, with credit ratings pointing to an ongoing slowdown in insolvencies in the year ahead.
Brad Walters, Head of Product & Rating Services at Equifax, said the data also reveals a worrying disconnect between Australi…
