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Turf QLD Industry Alert |ABS Building Approvals, Australia, May 2016

ABS Building Approvals, Australia, May 2016

MAY 2016 KEY POINTS

TOTAL DWELLING UNITS

  • The trend estimate for total dwellings approved rose 0.9% in May and has risen for six months.
  • The seasonally adjusted estimate for total dwellings approved fell 5.2% in May after rising for two months.

PRIVATE SECTOR HOUSES

  • The trend estimate for private sector houses approved rose 0.2% in May and has risen for five months.
  • The seasonally adjusted estimate for private sector houses rose 0.1% in May following a fall of 1.8% in the previous month.

PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

  • The trend estimate for private sector dwellings excluding houses rose 1.6% in May and has risen for six months.
  • The seasonally adjusted estimate for private sector dwellings excluding houses fell 11.3% in May after rising for two months.

VALUE OF BUILDING APPROVED

  • The trend estimate of the value of total building approved rose 1.0% in May and has risen for five months. The value of residential building rose 1.5% and has risen for six months. The value of non-residential building fell 0.2% and has fallen for eight months.
  • The seasonally adjusted estimate of the value of total building approved fell 10.3% in May following a rise of 18.2% in the previous month. The value of residential building fell 6.4% after rising for three months. The value of non-residential building fell 18.5% following a rise of 47.7% in the previous month.