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

ABS Building Approvals, Australia, May 2017 

MAY 2017 KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved fell 1.9% in May and has fallen for three months.
• The seasonally adjusted estimate for total dwellings approved fell 5.6% in May following a rise of 4.8% in the previous month.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved was flat in May.
• The seasonally adjusted estimate for private sector houses rose 0.6% in May and has risen for two months.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

• The trend estimate for private sector dwellings excluding houses fell 4.1% in May and has fallen for three months.
• The seasonally adjusted estimate for private sector dwellings excluding houses fell 12.1% in May following a rise of 10.8% in the previous month.

VALUE OF BUILDING APPROVED

• The trend estimate of the value of total building approved rose 0.8% in May and has risen for five months. The value of residential building fell 1.5% and has fallen for three months. The value of non-residential building rose 4.6% and has risen for four months.
• The seasonally adjusted estimate of the value of total building approved was flat in May. The value of residential building fell 3.3% following a rise of 6.1% in the previous month. The value of non-residential building rose 5.3% and has risen for two months.