Dwelling approvals decline in February
11 April 2018
Federal Government: The
number of
dwellings approved in Australia fell for the fifth straight
month in February 2018 in trend terms with a 0.1 per cent decline,
according to data released by the
Australian Bureau of Statistics (ABS)
today.
Approvals for private sector houses have remained stable at around
10,000 for a number of months.
Justin Lokhorst, Director of Construction Statistics at the ABS said:
"The decline in total dwellings was driven by private dwellings
excluding houses, which have fallen for five consecutive months."
Among the states and territories, the biggest trend decrease in dwelling
approvals in February was the
Australian Capital Territory (18.7 per cent), followed by the
Northern Territory (7.2 per cent),
Western Australia (4.4 per cent),
Tasmania (3.4 per cent) and
South Australia (1.2 per cent).
There were increases in trend terms in
New South Wales (1.0 per cent),
Queensland (0.9 per cent) and
Victoria (0.1 per cent).
Approvals for private sector houses rose 0.2 per cent in trend terms in
February. Private sector house approvals rose in Victoria (1.1 per cent)
and New South Wales (0.8 per cent), but fell in Queensland (1.1 per
cent), South Australia (1.1 per cent) and Western Australia (0.5 per
cent).
In seasonally adjusted terms, total dwellings fell by 6.2 per cent in
February, driven by a 16.4 per cent decline in private sector dwellings
excluding houses. Private sector houses rose 1.9 per cent in seasonally
adjusted terms.
The value of total building approved fell 1.1 per cent in February, in
trend terms, and has fallen for five months. The value of residential
building fell 0.1 per cent while non-residential building fell 2.9 per
cent.
Further information is available in Building Approvals,
Australia (cat no. 8731.0) on the ABS website at
http://www.abs.gov.au.
--ENDS--
Source: Australian Government - http://www.abs.gov.au
Contact: N/A
External Links: http://www.abs.gov.au
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