Building Approvals Down 3.3% June 2010

Building Approvals Down 3.3% June 2010

Australian Bureau Of Statistics (ABS)

Approved Dwellings Fell 3.3% In June 2010

Victor P Taffa

ABS Building Approvals show that the total number of dwellings approved fell in June 2010, and has fallen for three months in seasonally adjusted terms.

According to the ABS, New South Wales (-6.2%), Queensland (-8.1%) and South Australia (-25.4%) recorded less dwelling approvals this month, while Victoria (1.4%), Western Australia (1.4%) and Tasmania (21.3%) recorded more dwelling approvals.

 

Private sector houses approved fell 2.5% due to falls in Victoria (-5.4%), Queensland (-8.9%) and South Australia (-4.0%). New South Wales (0.9%) and Western Australia (5.9%) rose.

The value of total building approved fell 2.4% in June in seasonally adjusted terms. The value of total residential fell by 5.5% while non-residential rose by 4.4%.

JUNE KEY FIGURES

Jun 10

May 10 to Jun 10

Jun 09 to Jun 10

no.

% change

% change


TREND
Total dwelling units approved

13, 845

-2.7

19.0

Private sector houses

8, 701

-2.2

2.4

Private sector other dwellings

4, 083

57.8

SEASONALLY ADJUSTED
Total dwelling units approved

13, 267

-3.3

13.2

Private sector houses

8, 620

-2.5

0.5

Private sector other dwellings

3, 890

2.7

57.6


– nil or rounded to zero (including null cells)

 

JUNE KEY POINTS

TOTAL DWELLING UNITS

  • The trend estimate for total dwellings approved fell 2.7% in June 2010 and is showing falls for four months.
  • The seasonally adjusted estimate for total dwellings approved fell 3.3% and has fallen for three months.

PRIVATE SECTOR HOUSES

  • The trend estimate for private sector houses approved fell 2.2% in June and has fallen for six months.
  • The seasonally adjusted estimate for private sector houses approved fell 2.5% following a rise last month.

 

PRIVATE SECTOR OTHER DWELLING UNITS

  • The trend estimates for private sector other dwellings approved are flat in June after rising for eleven months.
  • The seasonally adjusted estimate for private sector other dwellings approved rose 2.7% following a fall in May.

VALUE OF BUILDING APPROVED

  • The trend estimate for the value of total building approved fell 0.4% in June and has fallen for five months. The trend estimates for the value of building approved should be interpreted with caution. See the data notes on page 2 of this publication.
  • The seasonally adjusted estimate for the value of total building approved fell 2.4% in June. The seasonally adjusted estimate for the value of new residential building fell 5.2% while the value of residential alterations and additions fell 7.3%. The seasonally adjusted estimate for the value of non-residential building rose 4.4%.

REVISIONS THIS MONTH

Revisions to the total number of dwelling units approved in this issue are:

2008-09

2009-10

TOTAL


NSW

134

134

Vic.

353

353

Qld

280

280

SA

22

22

WA

686

686

Tas.

NT

12

12

ACT

106

106

Total

1, 593

1, 593


Significant revisions to the number of dwellings approved for Western Australia and Victoria are the result of the inclusion of previously unreported data. Identified processing errors also resulted in revisions to Queensland data.

DATA NOTES

The trend estimates should be interpreted with caution as the underlying behaviour of building approvals may be affected by initiatives within the Government stimulus package, which included the “Building the Education Revolution” (BER) program and the Social Housing Initiative as well as other developments associated with global economic conditions. From June 2009 to February 2010 BER impacts were quantified and removed from the trend estimates because of its short term nature. From March 2010 these impacts are no longer removed from the trend estimates as their effect has significantly declined.