Dwelling approvals fall in May
11 July 2018
Federal Government:
The number of dwellings approved in Australia
fell by 1.5 per cent in May 2018 in trend terms, according to data
released by the
Australian Bureau of Statistics (ABS) today.
"Dwelling
approvals have weakened in May, driven by a 2.6 per cent fall
in private dwellings excluding houses," said Justin Lokhorst, Director
of Construction Statistics at the ABS.
Among the states and territories, dwelling approvals in May fell in
Queensland (4.2 per cent),
Victoria (2.7 per cent),
Tasmania (2.0 per cent) and
Western Australia (0.8 per cent) in trend terms.
Dwelling approvals rose in trend terms in
South Australia (4.3 per cent),
Northern Territory (2.8 per cent) and
Australian Capital Territory (1.5 per cent), and were flat in
New South Wales.
In trend terms, approvals for private sector houses fell 0.5 per cent in
May. Private sector house approvals fell in Queensland (1.7 per cent),
Western Australia (0.6 per cent), South Australia (0.4 per cent) and New
South Wales (0.2 per cent). Private sector house approvals were flat in
Victoria.
In seasonally adjusted terms, total dwellings fell by 3.2 per cent in
May, driven by a 8.6 per cent decrease in private sector houses. Private
sector dwellings excluding houses rose 4.3 per cent in seasonally
adjusted terms.
The value of total building approved fell 0.7 per cent in May, in trend
terms, and has fallen for seven months. The value of
residential
building fell 0.8 per cent, while
non-residential building fell 0.4 per
cent.
--ENDS--
Source: Australian Government - http://www.abs.gov.au
Contact: N/A
External Links: http://www.abs.gov.au
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