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The residential building approvals data for August has, once again, disappointed a market that had been looking for a small increase on the month. Seasonally adjusted data showed a 9.4% m/m decline with approvals now down 13.6% for the year. However, in such a volatile data series that is so …read more
Yesterday we released the Conus Trend Regional Building Approvals QLD data for July derived from the original ABS data at the SA4 level. We noted that while year on year declines in approvals in QLD (-1.9% y/y) were coming from the Regions (-6.0% y/y) the Greater Brisbane area was still …read more
Today saw the release of the original regional building approvals data from the ABS for July. Last week we saw QLD’s Trend approvals drop by 0.3% m/m and 1.9% y/y (see here for details). Today’s data (when seen through the lens of the Conus Trend series) shows us that those …read more
ABS data for July residential building approvals show them down 5.2% m/m, -5.6% y/y (seasonally adjusted) after a solid move higher last month (which was revised slightly higher still). The less volatile Trend series shows a m/m decline of 1.3%, down 2.5% y/y; this is the first year-on-year decline in …read more
Today saw the release of the ABS original regional building approvals data for June. Last week we saw the Trend data for Queensland showing a 5.2% decline for the year; today’s data (when seen through the Conus Trend series) confirms that this slowdown is all due to the regions. For …read more
The June Building Approvals data out today doesn’t really tell us anything we didn’t already know. Approvals were up 6.4% m/m (seasonally adjusted) after some upward revision to May’s numbers for a 1.6% y/y increase. However, for this highly volatile data-set (because of the very lumpy nature of large scale …read more
With Australian and Queensland residential building approvals having fallen again in May (see here for details) it’s perhaps no surprise to see approvals at the regional level also falling. Based on our own Conus Trend series derived from the original ABS data at SA4 level, we see that Trend approvals …read more
The May Building Approvals data released today was somewhat weaker than had been anticipated, and were particularly poor for Queensland. Across the nation Approvals (seasonally adjusted) fell 3.2% for the month and are now up just 3.1% for the year. In Trend terms the monthly decline (and the seventh such …read more
The release by the ABS of the April regional building approvals data is best seen through the lens of the Conus Trend. In April we saw the ABS Trend for residential approvals in Queensland up by 5.6% for the year (see here for details). When we consider the Conus Trend …read more
Yesterday’s release of April building approvals numbers were disappointing for the market with a 5% decline for the month, translating into a 1.9 rise over the course of the year (seasonally adjusted). However, with highly volatile units approvals impacting these numbers, we prefer the Trend series which showed a 0.1% …read more
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