Dwelling Approvals Down 0.1 % In April 2018

Dwelling Approvals Down 0.1 % In April 2018

Australian Bureau Of Statistics

Dwelling Approvals Fall In April

Victor P Taffa

Number of dwellings approved in Australia fell by 0.1 % in April 2018 in trend terms, according to data released by the Australian Bureau of Statistics (ABS) today.

“Total dwellings series has been relatively stable for the past 8 months, with around 19,000 dwellings approved per month.” ABS Director of Construction Statistics Justin Lokhorst said.

“Strength in approvals for houses is being offset by weakness in semi-detached and attached dwelling approvals.”

Among the states and territories, dwelling approvals fell in April in trend terms:

  • Tasmania (3.7 %),
  • Victoria (2.3 %),
  • Western Australia (2.2 %).

Dwelling approvals rose in trend terms in:

  • Australian Capital Territory (14.8 %),
  • Northern Territory (6.7 %),
  • South Australia (1.7 %),
  • New South Wales (0.9 %),
  • Queensland (0.7 %).

In trend terms, approvals for private sector houses rose 0.9 % in April.

Private sector house approvals rose in:

  • Queensland (1.6 %),
  • Victoria (1.5 %),
  • New South Wales (0.6 %).

Private sector house approvals fell in:

  • Western Australia (0.9 %),
  • South Australia (0.4 %).

In seasonally adjusted terms, total dwellings fell by 5.0 % in April, driven by a 11.5 % decrease in private sector dwellings excluding houses. Private sector houses rose 0.1 % in seasonally adjusted terms.

Value of total building approved fell 0.7 % in April, in trend terms, and has fallen for 6 months. The value of residential building fell 0.5 % while non-residential building fell 1.0 %.