Building Approvals trend still strong. Local data also stronger

Posted on April 2, 2014 by Pete Faulkner - Building Approvals, Cairns, CCRC, QLD

This morning’s release of building approvals data showed a sharp 5% decline m/m in the country as a whole (this still left the annual increase at 23.2%), as units fell sharply (-7.7%); houses also fell 2.1%. These are always highly volatile numbers so the Trend series is much preferred; this …read more