Aug 21, 2026 – 4.18pmHome building is expected to slow even further nationally as rising construction costs driven by the Middle East war and three interest rate rises make more projects unfeasible despite major policy changes.Analysis by the National Housing Supply and Affordability Council shows the government will miss its federal target of 1.2 million new homes by 18 months.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles