Turf QLD Industry Alert |ABS Building Approvals, Australia, Mar 2018

ABS Building Approvals, Australia, Mar 2018

MARCH KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved rose 0.2% in March.
• The seasonally adjusted estimate for total dwellings approved rose 2.6% in March.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved rose 0.8% in March.
• The seasonally adjusted estimate for private sector houses rose 1.1% in March.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

• The trend estimate for private sector dwellings excluding houses fell 0.2% in March and has fallen for six months.
• The seasonally adjusted estimate for private sector dwellings excluding houses rose 6.1% in March.

VALUE OF BUILDING APPROVED

• The trend estimate of the value of total building approved fell 0.6% in March and has fallen for six months. The value of residential building rose 0.4% and has risen for 10 months. The value of non-residential building fell 2.5% and has fallen for eight months.
• The seasonally adjusted estimate of the value of total building approved fell 0.8% in March. The value of residential building rose 1.4%, while the value of non-residential building fell 4.6%.