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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
Release of the January building approvals data from the ABS simply confirms the ongoing decline that we’ve been documenting for some time. At the national level, despite a modest bounce in the month-on-month seasonally adjusted numbers, the Trend fell by 3.2% m/m and is now down 27.0% for the year. …read more
Pete spoke to Kier Shorey on ABC Far North this morning about the regional building approvals data released yesterday (see here for our commentary) and in particular the impact the slowdown is having on construction employment in Townsville. You can hear the interview below.
The ABS have released their original, unadjusted December residential building approvals data for the regions this morning which allows us to update our own Conus Regional Building Approval Trend series. Given the poor showing at the state and national level that we saw last week, which showed a trend decline …read more
Today saw the release of the regional residential building approvals data from the ABS which allows us to update our own Conus Trend series; and what it shows is, as expected, the slowdown in the Far North continues with Townsville especially weak. With Trend approvals in Queensland falling in November …read more
Pete was talking to Kier Shorey on ABC Far North radio this morning about the regional building approvals data released yesterday (see here for details). You can listen to the interview below (and please note that when Pete said “lagged” he meant “leading”….perils of live radio before 7am!!).
Today we saw the release of the regional detail of residential building approvals data and the derived Conus Trend shows us that the regions are doing rather better than Greater Brisbane (although both are trending lower). Across the State approvals were down 12.0% y/y in October but when we look …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series