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Today’s release of the regional building approvals data for November from the ABS doesn’t provide any good news for our region (not surprising given the general weakness at a state level seen last week…see here for details). The unadjusted regional data is best seen through the prism of the Conus …read more
A new year, and a time to reflect on where we stand in Queensland. And as far as the pollies are concerned (while Parliament is yet to return) the emphasis appears, as ever, to be on spinning the data to make whatever point they wish. In today’s Australian we see …read more
Once again highly volatile unit approvals have pushed building approvals data for November above market expectations. While the market had been looking for a 4.6% m/m increase in the seasonally adjusted data (after a 12.6% drop last month) unit approvals resulted in an actual total increase of 7.0% (down 4.8% …read more
ABS released their monthly unadjusted regional building approvals data for October this morning and we have updated our own Conus Trend series. Given the declines at a state level it is little surprise to see Trend approvals in our region also falling. At the SA4 level we see Cairns Trend …read more
October Building Approvals from the ABS today shows a 12.6% drop m/m (-24.9% yr/yr) seasonally adjusted. The decline is being driven largely by units (-23.5% m/m and -41.8% yr/yr) while house approvals fall relatively more gradually (-2.5% m/m and -4.5% yr/yr). It would certainly suggest that the peak in unit …read more
ABS data this morning for residential Building Approvals in the Far North paint another disappointing picture after a weak month previously (see here). The original data for September shows that an apparent slight recovery in Townsville in August was merely a blip, and the ongoing weaker numbers elsewhere continue. As …read more
The ABS Building Approvals data for September shows the total across the nation being dragged lower than expected by a sharp drop in unit approvals. Houses actually gained slightly over the month, but remain weaker than a year ago. On a seasonally adjusted basis total approvals fell 8.7% m/m which …read more
We have just returned from holiday so are now catching up on some data released during our absence. Last Tuesday saw the release of the ABS original regional building approvals data at both SA4 and Local Government Area level. Our own Conus Trend series help shed light on these highly …read more
As was the case last month (see here) today’s release by the ABS of Building Approvals data for August shows the ongoing strength of unit approvals driving the total higher. In Australia total approvals (seasonally adjusted) rose by 10.1% over the year, although they fell 1.8% this month. However, from …read more
The ABS have released their original Building Approvals data for July for the regions. The data is provided at both an SA4 (as well as SA3 and SA2) level and Local Government Area. We create the Conus Trend series for all the SA4 regions in Queensland and also for our …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series