QTPA Member Alert |ABS Building Approvals, Australia, Aug 2014

ABS Building Approvals, Australia, Aug 2014

AUGUST 2014 KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved rose 1.2% in August and has risen for three months.

• The seasonally adjusted estimate for total dwellings approved rose 3.0% in August and has risen for two months.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved was flat in August.

• The seasonally adjusted estimate for private sector houses fell 1.8% in August following a rise of 1.3% in the previous month.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

• The trend estimate for private sector dwellings excluding houses rose 3.1% in August and has risen for three months.

• The seasonally adjusted estimate for private sector dwellings excluding houses rose 9.6% in August and has risen for two months.

VALUE OF BUILDING APPROVED

• The trend estimate of the value of total building approved rose 0.8% in August and has risen for two months. The value of residential building rose 1.4% and has risen for four months. The value of non-residential building fell 0.5% and has fallen for nine months.

•  The seasonally adjusted estimate of the value of total building approved rose 0.5% in August following a fall of 10.9% in the previous month. The value of residential building rose 3.0% and has risen for two months. The value of non-residential building fell 4.5% and has fallen for two months.