Building Approval Statistics: what they are and what they mean to you

These statistics on Building from the Australian Bureau of Statistics (ABS) published in February 2017 show some very interesting trends.

The salient figures worth noting is that, at the time of publication, there has been a slightly downwards trend for all building by 0.1% for the last 7 months but the ride down is bumpy with dramatic rises and falls in both residential and non-residential buildings alike


The February Key Points Include: Number of Dwelling Units The trend estimate for total dwellings approved rose 0.8% in February after falling for eight months. The seasonally adjusted estimate for total dwellings approved rose 8.3% in February and has risen for two months. Private Sector Houses The trend estimate for private sector houses approved fell 0.6% in February and has fallen for 12 months. The seasonally adjusted estimate for private sector houses rose 5.3% in February after falling for two months. Private Sector Dwellings Excluding Houses The trend estimate for private sector dwellings excluding houses rose 2.4% in February and has risen for two months. The seasonally adjusted estimate for private sector dwellings excluding houses rose 10.9% in February and has risen for two months. Value of Building Approved The trend estimate of the value of total building approved fell 0.1% in February and has fallen for seven months. The value of residential building rose 1.5% and has risen for two months. The value of non-residential building fell 3.3% and has fallen for six months. The seasonally adjusted estimate of the value of total building approved rose 19.9% in February following a fall of 3.0% in the previous month. The value of residential building rose 13.9% and has risen for four months. The value of non-residential building rose 34.5% following a fall of 16.9% in the previous month. Building approval statistics.

 

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