QTPA Member Alert | ABS Building Approvals, Australia, May 2012 (5/7/2012)

ABS Building Approvals, Australia, May 2012

The ABS figures for May 2012 have some interesting and encouraging statistics:

The total dwellings approved rose 1.6% in May and has risen for 4 months.
Private sector housing fell 1.2% in May and has fallen for 29 months.
Private sector dwellings excluding housing rose 6.3% and has risen for 5 months.
The ‘value’ of total buildings approved rose 3.4% and has risen for 4 months.
The ‘value’ of residential buildings rose 2.4% and has risen for 5 months.
The ‘value’ of non residential buildings rose 5.3% and has risen for 4 months.

MAY 2012 KEY FIGURES

			May 12	Apr 12 to May 12	May 11 to May 12
			no.	% change	% change

TREND
	Total dwelling units approved		12 066	1.6	-6.5
	Private sector houses		7 088	-1.2	-9.7
	Private sector dwellings excluding houses		4 850	6.3	3.4
SEASONALLY ADJUSTED
	Total dwelling units approved		13 591	27.3	9.3
	Private sector houses		7 256	8.7	-7.7
	Private sector dwellings excluding houses		6 197	58.7	45.4

Dwelling units approved		Private sector houses approved

MAY KEY POINTS

TOTAL DWELLING UNITS

The trend estimate for total dwellings approved rose 1.6% in May and has risen for 4 months.
The seasonally adjusted estimate for total dwellings approved rose 27.3% in May following a fall of 7.6% in the previous month.

PRIVATE SECTOR HOUSES

The trend estimate for private sector houses approved fell 1.2% in May and has fallen for 29 months.
The seasonally adjusted estimate for private sector houses rose 8.7% in May following a fall of 11.4% in the previous month.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

The trend estimate for private sector dwellings excluding houses rose 6.3% in May and has risen for 5 months.
The seasonally adjusted estimate for private sector dwellings excluding houses rose 58.7% in May and has risen for 2 months.

VALUE OF BUILDING APPROVED

The trend estimate of the value of total building approved rose 3.4% in May and has risen for 4 months. The value of residential building rose 2.1% and has risen for 5 months. The value of non-residential building rose 5.3% and has risen for 4 months.
The seasonally adjusted estimate of the value of total building approved rose 43.4% in May after falling for 3 months. The value of residential building rose 26.8% after falling for 2 months. The value of non-residential building rose 71.0% and has risen for 2 months.

Jim Vaughan

Chief Executive Officer