Australia Private House Approvals m/m

Country:
Australia
AUD, Australian Dollar
Sector:
Business
Low -4.4%
2.7%
Last release Importance Actual Forecast
Previous
-4.4%
Next release Actual Forecast
Previous
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  • History
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Australia Private House Approvals m/m show a change in the number of approvals for the construction of private houses granted by the country's state authorities in the reported month compared to the previous one.

The calculation includes the following:

  • New building construction approvals
  • Approvals for alterations and additions to existing buildings
  • Approvals for repair and construction works

The statistics include approvals for the construction of private residential buildings worth $10,000 or more.

Data for calculation are collected from local government bodies and certifying agencies. Figures are seasonally adjusted, because construction intensity is traditionally higher in some periods. Thus, the seasonal adjustment allows for a more correct month-to-month comparison of data.

The value reflects current demand for housing. It is considered to be a leading indicator of national construction industry activity: an increase in the number of construction approvals will subsequently lead to an increase in projects. Also, the indicator may indirectly affect the banking sector (due to mortgage loans).

However, there is another possible interpretation of the indicator, because an excessive supply in the residential housing market can have a negative effect on prices in the long term.

Last values:

actual data

The chart of the entire available history of the "Australia Private House Approvals m/m" macroeconomic indicator.

Date (GMT)
Reference
Actual
Forecast
Previous
May 2020
-4.4%
2.7%
Apr 2020
2.7%
-0.7%
Mar 2020
-1.2%
-0.4%
Feb 2020
-0.8%
0.4%
Jan 2020
0.3%
1.0%
Dec 2019
-0.1%
6.0%
Nov 2019
6.1%
-6.0%
Oct 2019
-7.0%
3.9%
Sep 2019
2.8%
-1.6%
Aug 2019
-2.4%
-3.1%
Jul 2019
-3.3%
0.2%
Jun 2019
0.4%
0.0%
May 2019
-0.3%
-1.5%
Apr 2019
-2.6%
-3.5%
Mar 2019
-3.2%
-3.4%
Feb 2019
-3.6%
2.1%
Jan 2019
2.1%
-1.7%
Dec 2018
-2.2%
-3.4%
Nov 2018
-2.6%
2.4%
Oct 2018
2.7%
-1.5%
Sep 2018
-2.7%
-2.0%
Aug 2018
-1.9%
-2.7%
Jul 2018
-3.0%
4.3%
Jun 2018
5.0%
-7.4%
May 2018
-8.6%
1.4%
Apr 2018
0.1%
1.6%
Mar 2018
1.1%
3.1%
Feb 2018
1.9%
-0.9%
Jan 2018
-1.1%
1.4%
Dec 2017
1.0%
-1.7%
Nov 2017
-2.0%
1.1%
Oct 2017
1.5%
1.0%
Sep 2017
0.6%
-0.8%
Aug 2017
-0.6%
1.0%
Jul 2017
0.0%
4.0%
Jun 2017
3.4%
1.3%
May 2017
0.6%
0.6%
Apr 2017
0.5%
-2.7%
Mar 2017
-4.3%
5.0%
Feb 2017
5.3%
-4.0%
Jan 2017
-3.0%
-2.5%
Dec 2016
-1.6%
0.1%
Nov 2016
-0.2%
-2.3%
Oct 2016
-3.4%
1.5%
Sep 2016
2.3%
-0.8%
Aug 2016
-1.3%
-0.1%
Jul 2016
-0.5%
-3.0%
Jun 2016
-2.3%
0.3%
May 2016
0.1%
-1.8%
Apr 2016
-2.3%
3.6%

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