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

ABS Building Approvals, Australia, Oct 2016 

OCTOBER 2016 KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved fell 3.3% in October and has fallen for five months.
• The seasonally adjusted estimate for total dwellings approved fell 12.6% in October and has fallen for three months.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved fell 0.6% in October and has fallen for eight months.
• The seasonally adjusted estimate for private sector houses fell 3.4% in October following a rise of 1.5% in the previous month.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

• The trend estimate for private sector dwellings excluding houses fell 6.4% in October and has fallen for five months.
• The seasonally adjusted estimate for private sector dwellings excluding houses fell 24.8% in October and has fallen for three months.

VALUE OF BUILDING APPROVED

• The trend estimate of the value of total building approved fell 1.7% in October and has fallen for three months.
• The value of residential building fell 3.2% and has fallen for five months.
• The value of non-residential building rose 0.8% and has risen for nine months.
• The seasonally adjusted estimate of the value of total building approved fell 30.3% in October following a rise of 27.1% in the previous month.
• The value of residential building fell 15.2% and has fallen for three months.
• The value of non-residential building fell 46.9% following a rise of 102.6% in the previous month.