QTPA Member Alert | ABS – Building Approvals, Australia, March 2012 (14/5/2012)

ABS – Building Approvals, Australia, March 2012

MARCH 2012 KEY FIGURES

			Mar 12	Feb 12 to Mar 12	Mar 11 to Mar 12
			no.	% change	% change

TREND
	Total dwelling units approved		11 298	0.3	-14.1
	Private sector houses		7 434	–	-7.1
	Private sector dwellings excluding houses		3 692	0.8	-23.3
SEASONALLY ADJUSTED
	Total dwelling units approved		11 501	7.4	-15.0
	Private sector houses		7 518	3.9	-6.9
	Private sector dwellings excluding houses		3 815	15.5	-23.6

– nil or rounded to zero (including null cells)
Dwelling units approved		Private sector houses approved

MARCH KEY POINTS

TOTAL DWELLING UNITS

The trend estimate for total dwellings approved rose 0.3% in March after falling for 15 months.
The seasonally adjusted estimate for total dwellings approved rose 7.4% in March following a fall of 8.8% in the previous month.

PRIVATE SECTOR HOUSES

The trend estimate for private sector houses approved was flat in March.
The seasonally adjusted estimate for private sector houses rose 3.9% in March following a fall of 4.0% in the previous month.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

The trend estimate for private sector dwellings excluding houses rose 0.8% in March after falling for 14 months.
The seasonally adjusted estimate for private sector dwellings excluding houses rose 15.5% in March following a fall of 17.3% in the previous month.

VALUE OF BUILDING APPROVED

The trend estimate of the value of total building approved fell 0.1% in March and has fallen for 15 months. The value of residential building rose 0.9% after falling for 16 months. The value of non-residential building fell 1.6% and has fallen for 8 months.
The seasonally adjusted estimate of the value of total building approved fell 8.9% in March and has fallen for 2 months. The value of residential building rose 1.3% while the value of non-residential building fell 23.4%.