Turf QLD Industry Alert |ABS Building Approvals, Australia, Feb 2018

ABS Building Approvals, Australia, Feb 2018

FEBRUARY 2018 KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved fell 0.1% in February and has fallen for five months.
• The seasonally adjusted estimate for total dwellings approved fell 6.2% in February.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved rose 0.2% in February and has risen for four months.
• The seasonally adjusted estimate for private sector houses rose 1.9% in February.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

• The trend estimate for private sector dwellings excluding houses fell 1.1% in February and has fallen for five months.
• The seasonally adjusted estimate for private sector dwellings excluding houses fell 16.4% in February.

VALUE OF BUILDING APPROVED

• The trend estimate of the value of total building approved fell 1.1% in February and has fallen for five months. The value of residential building fell 0.1%. The value of non-residential building fell 2.9% and has fallen for six months.
• The seasonally adjusted estimate of the value of total building approved rose 4.1% in February. The value of residential building fell 4.3%, while the value of non-residential building rose 22.6%.