Dive into the comprehensive report on the state of the building and construction industry in NSW, as of May 2023. This document, prepared by Master Builders Australia, provides a detailed overview of both residential and non-residential building sectors, along with the civil construction landscape.

Key points from the report include:

• Non-residential building jobs valued at $1,782.0 million were approved in NSW, with an average value of $2,683,767 per job. The public sector accounted for 22.9% of these approvals.
• The civil construction sector saw works started worth $9,016.4 million, with a significant portion yet to be completed, amounting to $29,064.8 million.
• The residential building sector saw a total of 3,522 new home building approvals, despite a decrease in loans to investors for residential land purchase by 8.5% compared to March 2022.
• The construction industry employed 401,564 people, accounting for 9.1% of all jobs in NSW, with women making up 16.3% of the construction workforce.
• The report also provides insights into construction apprenticeships, with 36,295 construction apprentices in training as of September 2022.

This report is a must-read for anyone interested in the current state and future trends of the building and construction industry in NSW. It provides a wealth of data and insights that can help industry professionals, policymakers, and researchers understand the current state of the industry and anticipate future trends.