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

ABS Building Approvals, Australia, Jul 2016 

JULY 2016 KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved rose 0.2% in July and has risen for eight months.
• The seasonally adjusted estimate for total dwellings approved rose 11.3% in July after falling for two months.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved fell 0.5% in July and has fallen for five months.
• The seasonally adjusted estimate for private sector houses fell 0.5% in July and has fallen for two months.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

• The trend estimate for private sector dwellings excluding houses rose 0.9% in July and has risen for eight months.
• The seasonally adjusted estimate for private sector dwellings excluding houses rose 23.0% in July after falling for two months.

VALUE OF BUILDING APPROVED

• The trend estimate of the value of total building approved rose 1.9% in July and has risen for seven months. The value of residential building rose 0.9% and has risen for eight months. The value of non-residential building rose 3.9% and has risen for five months.
• The seasonally adjusted estimate of the value of total building approved rose 3.2% in July and has risen for two months. The value of residential building rose 6.2% after falling for two months. The value of non-residential building fell 2.5% following a rise of 16.5% in the previous month.