QTPA Member Alert | ABS Building Approvals, Australia, February 2012 (3/4/2012)
ABS Building Approvals, Australia, February 2012
The graphs below tell it all with regards to ‘Building Approvals’ within Australia there is nothing new here and the Turf production industry is very much aware. Unfortunately the word is that this will not even start to turn around inside 8 to 12 months.
FEBRUARY 2012 KEY FIGURES
| Feb 12 | Jan 12 to Feb 12 | Feb 11 to Feb 12 | ||
| no. | % change | % change | ||
| TREND | ||||
| Total dwelling units approved | 11 064 | -1.5 | -18.0 | |
| Private sector houses | 7 340 | -0.3 | -9.4 | |
| Private sector dwellings excluding houses | 3 571 | -3.8 | -29.1 | |
| SEASONALLY ADJUSTED | ||||
| Total dwelling units approved | 10 771 | -7.8 | -15.2 | |
| Private sector houses | 7 214 | -3.4 | -11.7 | |
| Private sector dwellings excluding houses | 3 385 | -15.8 | -18.8 | |
Dwelling units approved | Private sector houses approved |
FEBRUARY KEY POINTS
TOTAL DWELLING UNITS
- The trend estimate for total dwellings approved fell 1.5% in February 2012 and has fallen for 15 months (ABS).
- The seasonally adjusted estimate for total dwellings approved fell 7.8% in February following a rise of 1.1% in the previous month.
PRIVATE SECTOR HOUSES
- The trend estimate for private sector houses approved fell 0.3% in February and has fallen for 26 months.
- The seasonally adjusted estimate for private sector houses fell 3.4% in February 2012 and has now fallen for 3 successive months.
PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES
- The trend estimate for private sector dwellings excluding houses fell 3.8% in February and has now fallen for 14 months.
- The seasonally adjusted estimate for private sector dwellings excluding houses fell 15.8% following a rise of 1.9% last month.
VALUE OF BUILDING APPROVED
- The trend estimate of the value of total building approved fell 1.1% in February and has fallen for 14 months. The value of residential building fell 1.2% and has fallen for the last 16 months. The value of non-residential building fell 1.0% and has now fallen for the last 13 months.
- The seasonally adjusted estimate of the value of total building approved fell 32.1% in February following a rise of 51.6% last month. The value of residential building was flat. The value of non-residential building fell 53.7% in February, following a rise of 128.3% last month
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