Turf QLD Industry Alert |ABS Building Approvals, Australia, Feb 2016

ABS Building Approvals, Australia, Feb 2016 

FEBRUARY KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved fell 0.5% in February and has fallen for 11 months.
• The seasonally adjusted estimate for total dwellings approved rose 3.1% in February following a fall of 6.6% in the previous month.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved fell 0.9% in February and has fallen for 10 months.
• The seasonally adjusted estimate for private sector houses fell 1.2% in February and has fallen for two months.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

• The trend estimate for private sector dwellings excluding houses fell 0.4% in February and has fallen for 11 months.
• The seasonally adjusted estimate for private sector dwellings excluding houses rose 7.6% in February following a fall of 8.4% in the previous month.

VALUE OF BUILDING APPROVED

• The trend estimate of the value of total building approved fell 0.8% in February and has fallen for seven months. The value of residential building fell 0.7% and has fallen for 10 months. The value of non-residential building fell 1.2% and has fallen for six months.
• The seasonally adjusted estimate of the value of total building approved rose 5.3% in February following a fall of 8.9% in the previous month. The value of residential building rose 6.9% following a fall of 9.2% in the previous month. The value of non-residential building rose 2.0% after falling for two months.