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
Today’s release from the ABS of residential Building Approvals data for October shows the slide, both at national and state level, continues at a slightly faster pace. Residential Building Approvals across Australia fell by 1.5% m/m for a 13.4% y/y decline (seasonally adjusted), this after a revised 12.8% y/y decline …read more
After seeing the weak residential building approvals Sept data for Australia and Queensland last week which showed Trend approvals in Queensland down 7.1% for the year (see here) it’s not surprising to see the regional data released today showing things slipping in our region. The Conus Trend for Sept shows …read more
Sept Building Approvals data showed a 3.3% gain on the month across the country, which still leaves things 14.1% lower for the year (seasonally adjusted). The less lumpy Trend series showed a 1.9% drop for the month and a fall of 12.9% for the year House approvals are down 6.7% …read more
The release by the ABS of the original regional building approvals data for August allows us to update our Conus Trend series for regional Queensland. In a month in which Queensland Trend approvals were unchanged (see here for last week’s commentary) we see a slightly different picture emerging between Greater …read more