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

ABS Building Approvals, Australia, May 2014

MAY KEY FIGURES

	May 14 No.	Apr 14 to May 14 % change	May 13 to May 14 % change
TREND
Total Dwelling units approved	15 680	-1.7	11.5
Private sector houses	9 341	-0.2	16.4
Private sector dwellings excluding houses	6 122	-3.9	8..0
SEASONALLY ADJUSTED
Total dwelling units approved	16 425	9..9	14.3
Private sector houses	9 278	0..5	14.5
Private sector dwellings excluding houses	6 950	27.2	19.9

MAY KEY POINTS

TOTAL DWELLING UNITS

The trend estimate for total dwellings approved fell 1.7% in May and has fallen for five months.
The seasonally adjusted estimate for total dwellings approved rose 9.9% in May after falling for three months.

PRIVATE SECTOR HOUSES

The trend estimate for private sector houses approved fell 0.2% in May after rising for 16 months.
The seasonally adjusted estimate for private sector houses rose 0.5% in May after falling for three months.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

The trend estimate for private sector dwellings excluding houses fell 3.9% in May and has fallen for six months.
The seasonally adjusted estimate for private sector dwellings excluding houses rose 27.2% in May after falling for three months.

VALUE OF BUILDING APPROVED

The trend estimate of the value of total building approved fell 3.3% in May and has fallen for six months. The value of residential building fell 1.1% and has fallen for five months. The value of non-residential building fell 7.6% and has fallen for six months.
The seasonally adjusted estimate of the value of total building approved rose 26.1% in May after falling for four months. The value of residential building rose 13.5% after falling for three months. The value of non-residential building rose 59.5% after falling for four months.