ABS Building Approvals, Australia, May 2019 (10/7/19)

MAY 2019 KEY POINTS

TOTAL DWELLING UNITS

The trend estimate for total dwellings approved fell 0.5% in May.

The seasonally adjusted estimate for total dwellings approved rose 0.7% in May.

PRIVATE SECTOR HOUSES

The trend estimate for private sector houses approved fell 1.3% in May.

The seasonally adjusted estimate for private sector houses fell 0.3% in May.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

The trend estimate for private sector dwellings excluding houses rose 0.6% in May.

The seasonally adjusted estimate for private sector dwellings excluding houses rose 1.2% in May.

VALUE OF BUILDING APPROVED

The trend estimate of the value of total building approved fell 0.2% in May and has fallen for three months.

The value of residential building fell 0.6% and has fallen for 16 months.

The value of non-residential building rose 0.3% and has risen for nine months.

The seasonally adjusted estimate of the value of total building approved fell 0.2% in May.

The value of residential building rose 4.7%, while the value of non-residential building fell 6.7%.

ABS Building Activity, Australia, Mar 2019 (10/7/19)

BUILDING WORK DONE

The trend estimate of the value of total building work done fell 0.9% in the March quarter.

The seasonally adjusted estimate of the value of total building work done fell 0.3% to $29,930.2m following a fall of 1.0% in the December quarter.

NEW RESIDENTIAL BUILDING WORK DONE

The trend estimate of the value of new residential building work done fell 2.3% in the March quarter. The value of work done on new houses fell 2.3%, while new other residential building fell 2.2%.

The seasonally adjusted estimate of the value of new residential building work done fell 2.0% to $16,652.3m. Work done on new houses fell 0.4% to $8,892.3m, while new other residential building fell 3.7% to $7,760.0m.

NON-RESIDENTIAL WORK DONE

The trend estimate of the value of non-residential building work done rose 1.4% in the March quarter.

The seasonally adjusted estimate of the value of non-residential building work done in the quarter rose 3.2% following a rise of 1.4% in the December quarter.

TOTAL DWELLINGS

The trend estimate for the total number of dwelling units commenced fell 7.9% in the March quarter following a fall of 8.7% in the December quarter.

The seasonally adjusted estimate for the total number of dwelling units commenced fell 5.6% to 46,267 dwellings in the March quarter following a fall of 12.3% in the December quarter.

NEW PRIVATE SECTOR HOUSES

The trend estimate for new private sector house commencements fell 1.7% in the March quarter following a fall of 3.0% in the December quarter.

The seasonally adjusted estimate for new private sector house commencements rose 3.5% to 28,485 dwellings in the March quarter following a fall of 5.9% in the December quarter.

NEW PRIVATE SECTOR OTHER RESIDENTIAL BUILDING

The trend estimate for new private sector other residential building commencements fell 16.4% in the March quarter following a fall of 15.7% in the December quarter.

The seasonally adjusted estimate for new private sector other residential building fell 15.2% to 17,200 dwellings in the March quarter following a fall of 21.1% in the December quarter.