Whiff of housing recovery fuels rebound in suppliers' share price AUSTRALIA'S housing construction sector is rebuilding. Indeed, in building terms, the plumbing has been laid, the slab poured and the framework has been put up. But it seems the project has stalled. While the conditions for rebuilding are good, some of the key materials are on back order. In other words, don't expect to move in anytime soon. That's how most experts are viewing the recovery in the housing sector. Construction activity nationally has generally been flat for the past three years, and expectations are that despite positive factors such as very low interest rates, low inflation, low rental vacancies and forecasts of higher demand in line with population growth, the rebuilding process will be sluggish.