Turf QLD Industry Alert |ABS Building Approvals, Australia, Aug 2017

ABS Building Approvals, Australia, Aug 2017 

AUGUST KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved rose 1.1% in August and has risen for seven months.
• The seasonally adjusted estimate for total dwellings approved rose 0.4% in August following a fall of 1.2% in the previous month.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved rose 0.9% in August and has risen for six months.
• The seasonally adjusted estimate for private sector houses fell 0.6% in August after rising for three months.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

• The trend estimate for private sector dwellings excluding houses rose 1.3% in August and has risen for three months.
• The seasonally adjusted estimate for private sector dwellings excluding houses rose 4.8% in August following a fall of 6.6% in the previous month.

VALUE OF BUILDING APPROVED

• The trend estimate of the value of total building approved fell 0.3% in August after rising for six months. The value of residential building rose 0.7% and has risen for four months. The value of non-residential building fell 1.8% after rising for six months.
• The seasonally adjusted estimate of the value of total building approved fell 5.0% in August and has fallen for two months. The value of residential building rose 2.2% following a fall of 1.5% in the previous month. The value of non-residential building fell 15.7% following a rise of 1.1% in the previous month.