This note provides a breakdown of the building work that has been approved within Australia for the referenced month, with a particular focus on residential buildings. This data is an important leading indicator for future construction activity.
- 01 Mar 2023 Building Approvals - January 2023
Dwelling approvals dropped a seasonally adjusted 27.6% in January, which was more than the 9.2% expected by the markets. This followed a downwardly revised 15.3% rise in December.
- 02 Feb 2023 Building Approvals - December 2022
Dwelling approvals surged a seasonally adjusted 18.5% in December, against the market expectations of a 1.0% gain. The December surge in building permits was driven by dwellings other than houses, which bounced 56.6% after a 21.8% drop in the previous month (revised from 22.7%). Private housing approvals declined by 2.3%.
- 09 Jan 2023 Building Approvals - November 2022
Dwelling approvals fell a seasonally adjusted 9.0% in November following a 5.6% drop in October to be down 15.1% YoY.
- 30 Nov 2022 Building Approvals - October 2022
Dwelling approvals fell a seasonally adjusted 6.0% in October.
- 02 Nov 2022 Building Approvals - September 2022
The number of dwelling approvals fell a seasonally adjusted 5.8% in September (exp.: -10.0%), following an 23.1% rise in August. Approvals continue to unwind from the boom driven by government homebuilder grants and record low interest rates.
- 04 Oct 2022 Building Approvals - August 2022
The number of dwelling approvals bounced back a seasonally adjusted 28.1% in August (exp.: +10.0%), following an 18.2% drop in July.
- 30 Aug 2022 Building Approvals - July 2022
The number of dwelling approvals dropped a seasonally adjusted 17.2% in July, against a 2.1% decline expected by the markets. The July drop was driven by consents for private sector dwellings excluding houses, which saw a 43.5% plunge and reached the lowest level since January 2012. Private sector house approvals saw a slight 0.7% uptick, which was the second monthly gain in a row.