Australian Bureau of Statistics

Dwelling Approvals Rise in October 2010

Victor P Taffa

ABS Building Approvals show that the total number of dwellings approved rose 9.3% in October 2010, after falling for six consecutive months in seasonally adjusted terms.

According to the ABS, New South Wales (14.0%), Victoria (4.6%), South Australia (6.1%) and Western Australia (2.3%) recorded more dwelling approvals this month while Queensland reported fewer dwelling approvals (-0.7%) in seasonally adjusted terms.

Private sector houses approved rose 1.5% with rises in New South Wales (3.5%), Victoria (3.1%) and Western Australia (2.4%), while Queensland (-8.1%) and South Australia (-2.1%) fell.

The value of total building approved rose 4.1% in October in seasonally adjusted terms. The value of total residential building rose by 8.2% while non-residential building fell by -3.8%.

OCTOBER KEY FIGURES

OCTOBER KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved fell 0.9% in October 2010 and is showing falls for eight months.
• The seasonally adjusted estimate for total dwellings approved rose 9.3% following falls in the previous six months.

 PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved fell 0.5% in October and has fallen for ten months.
• The seasonally adjusted estimate for private sector houses approved rose 1.5% following falls in the previous four months.

PRIVATE SECTOR OTHER DWELLING UNITS

• The trend estimate for private sector other dwellings approved fell 1.0% in October and has fallen for five months.
• The seasonally adjusted estimate for private sector other dwellings approved rose 23.6% following a fall of 14.8% last month.

VALUE OF BUILDING APPROVED

• The trend estimate for the value of total building approved fell 0.9% in October and has fallen for seven 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 rose 4.1% in October. The seasonally adjusted estimate for the value of new residential building rose 8.2% and the value of residential alterations and additions rose 7.9%. The seasonally adjusted estimate for the value of non-residential building fell 3.8%.

Australian Bureau of Statistics

Dwelling Approvals Continue to Fall in September 2010

Victor P Taffa

ABS Building Approvals show that the total number of dwellings approved fell 6.6% in September 2010 and are now showing falls for six months, in seasonally adjusted terms.

According to the ABS, Tasmania recorded a rise in dwelling approvals (1.0%) this month, while New South Wales (-1.5%), Victoria (-10.0%), Queensland (-2.3%), South Australia (-24.9%) and Western Australia (-2.0%) all fell, in seasonally adjusted terms.

Private sector houses approved fell 2.2% with falls in Victoria (-3.6%) and Western Australia (-10.7%), while New South Wales (8.1%), Queensland (0.5%) and South Australia (0.4%) rose.

The value of total building approved fell 3.2% in September in seasonally adjusted terms. The value of total residential building fell by 4.5% while non-residential building fell by 0.7% following a rise last month.

SEPTEMBER KEY FIGURES

SEPTEMBER KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved fell 3.7% in September 2010 and is showing falls for seven months.
• The seasonally adjusted estimate for total dwellings approved fell 6.6% and has fallen for six months.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved fell 1.8% in September and has fallen for nine months.
• The seasonally adjusted estimate for private sector houses approved fell 2.2% and has fallen for four months.

PRIVATE SECTOR OTHER DWELLING UNITS

• The trend estimate for private sector other dwellings approved fell 3.5% in September and is now showing falls for four months.
• The seasonally adjusted estimate for private sector other dwellings approved fell 15.7% following a rise in the previous month.

VALUE OF BUILDING APPROVED

• The trend estimate for the value of total building approved fell 2.7% in September and has fallen for seven 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 3.2% in September. The seasonally adjusted estimate for the value of new residential building fell 5.4% and the value of residential alterations and additions rose 1.0%. The seasonally adjusted estimate for the value of non-residential building fell 0.7%.

REVISIONS THIS MONTH

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

Australian Bureau of Statistics

Number of Dwelling Units Approved Fell -4.7% in August 2010

Victor P Taffa

ABS Building Approvals show that the total number of dwellings approved fell in August 2010, seasonally adjusted, following a rise in the previous month.

According to the ABS, Queensland (0.9%), South Australia (11.2%) and Western Australia (0.9%) recorded more dwelling approvals this month, while New South Wales (-16.0%), Victoria (-1.4%) and Tasmania (-10.5%) recorded less dwelling approvals in seasonally adjusted terms.

Private sector houses approved fell -4.3% due to falls in New South Wales (-7.5%), Victoria (-7.7%), Queensland (-7.0%) while South Australia (3.6%) and Western Australia (12.3%) rose.

The value of total building approved fell -4.2% in August in seasonally adjusted terms. The value of total residential building fell by -7.8% while non-residential building rose by 3.1%.

AUGUST KEY FIGURES

Australian Bureau of Statistics

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

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:

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.

Australian Bureau of Statistics

Dwelling approvals continue to fall in May

Victor P Taffa

ABS Building Approvals show that the total number of dwellings approved fell in May 2010 and has fallen for two months in seasonally adjusted terms. This month’s fall was due to an 18.8% Decrease in Private Sector Dwellings approved.

According to the ABS, New South Wales (-9.8%), Victoria (-3.0%), Queensland (-8.6%), Western Australia (-13.9%) and Tasmania (-24.8%) recorded less dwelling approvals this month, while South Australia recorded 30.6% more dwelling approvals.

Private sector houses approved rose 1.7% due to a large increase in Victoria (14.5%). Whereas New South Wales (-1.2%), Queensland (-8.2%), South Australia (-0.3%) and Western Australia (-3.6%) fell.

The value of total building approved rose 2.7% in May in seasonally adjusted terms. The value of total residential rose by 0.1% and non-residential rose by 9.1%.

MAY KEY FIGURES

MAY KEY POINTS

TOTAL DWELLING UNITS

• The trend estimate for total dwellings approved fell 2.0% in May 2010 and is now showing falls for four months.
• The seasonally adjusted estimate for total dwellings approved fell 6.6% and has fallen for two months.

PRIVATE SECTOR HOUSES

• The trend estimate for private sector houses approved fell 1.7% in May and has fallen for five months.
• The seasonally adjusted estimate for private sector houses approved rose 1.7% following a fall last month.

PRIVATE SECTOR OTHER DWELLING UNITS

• The trend estimate for private sector other dwellings approved rose 0.3% in May and has risen for eleven months.
• The seasonally adjusted estimate for private sector other dwellings approved fell 18.8% following rises for two months.

VALUE OF BUILDING APPROVED

• The trend estimate for the value of total building approved fell 1.9% in May and has fallen for four 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 rose 2.7% in May. The seasonally adjusted estimate for the value of new residential building fell 0.6% while the value of residential alterations and additions rose 4.5%. The seasonally adjusted estimate for the value of non-residential building rose 9.1%.

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

Significant revisions to the number of dwellings approved are the result of the inclusion of previously unreported 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. For more details on trend estimates, please see paragraphs 20 to 23 of the explanatory notes.

Seasonally adjusted and trend estimates have been revised in this issue as a result of the annual reanalysis of seasonal factors. Non-residential value time series at the state level are highly volatile. Nevertheless they contain seasonal variation and continue to be seasonally adjusted.

Australian Bureau of Statistics

Number of Private Sector Houses Approved Down This Month

Victor P Taffa

ABS Building Approvals show that the total number of dwellings approved has levelled off in April 2010 following 14 consecutive months of increases in trend terms. This was due to a 1.9% decrease in total houses approved being balanced by an increase of 3.4% for other dwelling approvals.

The decrease in total houses was driven by a 2.0% decrease in private sector houses. Victoria (-4.1%) showed the largest percentage fall in private sector houses followed by New South Wales (-1.8%) and Queensland (-1.5%).

The increase in other dwellings was primarily due to an increase of 5.0% for private sector other dwellings. Western Australia (9.5%) showed the largest percentage increase in private sector other dwellings followed by New South Wales (6.2%) and Victoria (5.6%).

The value of total building approved fell 1.0% in April in trend terms. The value of total residential rose by 0.7% while non-residential fell by 4.5%.

APRIL KEY FIGURES