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Australia Private House Approvals

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Australia Private House Approvals

Frequency

Delivery Method

Website popup

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Status

 
Latest Release
Dec 02, 2024
Actual
-5.2%
Previous
2.2%
Construction industry provides information on construction output and activity. Such information gives an insight into the supply on the housing and construction market. Rising number of new construction starts or value of construction completed reflects higher consumer and business optimism. Expanding construction indicates growth in the housing market and predicts an increase in the overall economy. However, an excessive supply of new buildings may result in a drop in housing prices. The construction industry is one of the first to go into a recession when the economy declines but also to recover as conditions improve.Statistics of building work approved are compiled from: permits issued by local government authorities; contracts let or day labour work authorised by Commonwealth, State, semi-government and local government authorities; major building activity in areas not subject to normal administrative approval e.g. building on remote mine sites.
Importance:
Country:
Currency: AUD
Source: Australian Statistician
Australia Private House Approvals
 
Release Date Time Actual Forecast Previous
Dec 02, 2024 (Oct) 08:30 -5.2%   2.2%
Nov 07, 2024 08:30 2.2%   2.3%
Oct 31, 2024 (Sep) 08:30   2.2%   0.5%
Oct 10, 2024 (Aug) 08:30 0.5% 0.5% 0.9%
Oct 01, 2024 (Aug) 09:30   0.5%   0.9%
Sep 10, 2024 (Jul) 09:30 0.6% 0.6% -0.5%

Private House Approvals Discussion

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