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Data for residential building approvals in March show the total (seasonally adjusted) across Australia was up 2.6% m/m and 14.5% up for the year. This is a traditionally volatile series (because of the impact that lumpy apartment approvals can have) so we much prefer the Trend series. Here we see …read more
Last week we saw the ABS release of building approvals data for February demonstrate that (on a Trend basis) Queensland was still doing somewhat better than the nation with approvals growth of 6.9% y/y versus 5.5% for Australia as a whole. This week the regional data shows us that the Far …read more
Residential building approvals data for January showed a lift of 17.1% m/m for a 12.0% gain on the year (seasonally adjusted) after some big falls in December. However, when considering this highly volatile and lumpy data series we much prefer the Trend series and here we see a 0.1% m/m …read more
Today’s release of regional building approvals data shows that the poor performance being seen in QLD (see here) is due to declines in the regions. Trend approvals across the state were up just 4.4% y/y in December but when we look at the regional breakdown (by way of the Conus …read more
Today’s release of Building Approvals data was a big disappointment for the markets. Expectations had been for (seasonally adjusted) data to show approvals down about 8% m/m (+11% y/y) after a 11.7% increase in Nov. In fact the monthly decline was a thumping 20% which took the annual growth into negative …read more
The ABS data for building approvals in October were good news at a national level with (seasonally adjusted) approvals up 0.9% m/m for a 18.4% increase year-on-year. The less volatile (and preferred, given how volatile unit approvals can make this data set!) measure showed a 0.7% m/m increase and a …read more
Today saw the release of the Building Activity data for the second quarter of 2017 and it shows dwellings under construction falling in QLD (in particular unit construction)…see the chart below from Stephen Gosarevski, Economist at CCIQ. But as readers will know, the trend in residential building approvals in QLD …read more
The ABS released their (original, unadjusted) residential building approvals at the SA4 and LGA level this morning; and they reveal good news for the Far North. As always, this highly volatile data set needs to be seen through the lens of the Conus Trend to make any real sense of …read more
The ABS data for residential building approvals for August shows that across the country approvals were up 0.4% m/m (seasonally adjusted) but remain down 15.4% y/y. The far less volatile Trend series shows approvals up 1.1% m/m and down 6.5% y/y (which is the slowest rate of decline this year). …read more
The release of the regional building approvals data by the ABS today allows us to update our Conus Trend series for the SA4 and Local Govt Areas. What we find is a story of slightly weaker, but generally stable, approvals in the North. The Cairns SA4 region sees Trend approvals …read more
We are proud to have CBC Staff Selection as supporters of the Conus/CBC Staff Selection Trend Employment and Jobseeker data series