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

ABS Building Approvals, Australia, Feb 2017 

FEBRUARY 2017 KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved rose 0.8% in February after falling for eight months.
• The seasonally adjusted estimate for total dwellings approved rose 8.3% in February and has risen for two months.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved fell 0.6% in February and has fallen for 12 months.
• The seasonally adjusted estimate for private sector houses rose 5.3% in February after falling for two months.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

• The trend estimate for private sector dwellings excluding houses rose 2.4% in February and has risen for two months.
• The seasonally adjusted estimate for private sector dwellings excluding houses rose 10.9% in February and has risen for two months.

VALUE OF BUILDING APPROVED

• The trend estimate of the value of total building approved fell 0.1% in February and has fallen for seven months. The value of residential building rose 1.5% and has risen for two months. The value of non-residential building fell 3.3% and has fallen for six months.
• The seasonally adjusted estimate of the value of total building approved rose 19.9% in February following a fall of 3.0% in the previous month. The value of residential building rose 13.9% and has risen for four months. The value of non-residential building rose 34.5% following a fall of 16.9% in the previous month.