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The release by the ABS of the original regional building approvals data for June allows us to update our own Conus Trend series for all the QLD SA4 regions as well as the LGAs in our area. Doing so provides little joy, although it does support the contention from the …read more
Last month we suggested that we may had seen the worst of the building approvals declines in Queensland (see here for that commentary) and the June data makes that analysis even more valid. While approvalls fell 1.2% (seasonally adjusted) and 1.3% (Trend) for the month across the nation, for a …read more
The May Building Approvals data from the ABS this morning suggests that we might have seen the bottom of the downturn in Queensland…although 2 months hardly a summer makes! Across Australia approvals were up 0.7% m/m (s.a.), or a 10.0% decline for the year. However, given the highly volatile nature …read more
Last week, when the ABS Building Approvals Trend for April was released, we noted that there appeared to be early signs of a possible bottoming-out after a period of sharp falls. Today the release of the Conus Regioanl Building Approvals Trend data (derived from the ABS original data released yesterday) …read more
The ABS release of April Building Aprovals data has disappointed the markets again coming in below expectations. Seasonally adjusted approvals were down 4.7% m/m for a year-on-year decline of 24.2%. The less volatile (and perfered) Trend measure showed a 0.6% m/m drop and a fall of 21.8% y/y. House approvals …read more
The release from the ABS of original residential building approvals data for March allows us to update our own Queensland SA4, and Northern LGA regional Conus Trend series. While the ABS Trend data showed approvals down 35.1% y/y across Queensland the Conus Trend allows us to see that Greater Brisbane …read more
The March data from the ABS released this morning confirm (to no-one’s surprise) that the slide in residential Building Approvals continues apace. Nationwide, the seasonally adjusted series showed a 15.5% m/m decline (after a 19.1% m/m increase in Feb); but it precisely this kind of wild volatility that makes us …read more
Last week we saw the February residential Building Approvals data show a 21.7% y/y decline across Australia and a 35.3% y/y fall in Queensland. Today’s release of the regional Building Approvals data allows us to dig a little deeper into those numbers. Using the Conus Trend series (based on the …read more
February residential building approvals data surprised the market with a sharp upward move on the back of a volatile spike up in unit approvals (at least in the nationwide data). Seasonally adjusted numbers show a 19.1% m/m increase, although this still represents a 12.5% decline for the year. Looking at …read more
The release by the ABS of the January, original regional residential building approvals allows us to update our own Conus Trend series. With residential approvals falling sharply at both the national and state level (see here for commentary) it is no surprise to see the decline across the regions. On …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series