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

ABS Building Approvals, Australia, Mar 2016 

MARCH KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved rose 0.6% in March and has risen for four months.
• The seasonally adjusted estimate for total dwellings approved rose 3.7% in March and has risen for two months.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved rose 0.3% in March and has risen for five months.
• The seasonally adjusted estimate for private sector houses rose 2.6% in March and has risen for two months.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

• The trend estimate for private sector dwellings excluding houses rose 0.7% in March and has risen for three months.
• The seasonally adjusted estimate for private sector dwellings excluding houses rose 6.7% in March and has risen for two months.

VALUE OF BUILDING APPROVED

• The trend estimate of the value of total building approved fell 0.9% in March and has fallen for eight months. The value of residential building rose 0.4% and has risen for two months. The value of non-residential building fell 3.9% and has fallen for six months.
• The seasonally adjusted estimate of the value of total building approved fell 2.0% in March following a rise of 5.8% in the previous month. The value of residential building rose 2.0% and has risen for two months. The value of non-residential building fell 11.2% following a rise of 1.8% in the previous month.