Building Approvals

  • July 2022

    August 30, 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.

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  • June 2022

    August 2, 2022

    The number of dwelling approvals slipped a seasonally adjusted 0.7% in June, following an 11.2% rise in May (revised from 9.9%). Market expectations were for a 5.0% fall.

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  • May 2022

    July 4, 2022

    The number of dwelling approvals rose a seasonally adjusted 9.9% in May, following a 3.9% decline in April. Market expectations were for a 2.0% fall.
    Approvals were down 20.9% from a year earlier.

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  • April 2022

    May 31, 2022

    The number of dwelling approvals fell a seasonally adjusted 2.4% in April.

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  • March 2022

    May 5, 2022

    The number of dwelling approvals fell a seasonally adjusted 18.5% in March, continuing the recent volatility that saw approvals jump 42.0% in February. Market expectations were for a 12.0% fall.
    Approvals were down 35.6% from a year earlier.

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  • February 2022

    March 31, 2022

    The number of dwelling approvals jumped a seasonally adjusted 43.5% in February, which followed a 27.1% slump in the previous month.

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