Building Approvals Sept 10 - Trend continues to fall...

SEPTEMBER KEY FIGURES

 

 

Sep 10

Aug 10 to Sep 10

Sep 09 to Sep 10

 

 

no.

% change

% change


 

TREND

 

 

 

 

Total dwelling units approved

12 431

-3.7

-6.5

 

Private sector houses

8 071

-1.8

-13.8

 

Private sector other dwellings

3 931

-3.5

28.2

SEASONALLY ADJUSTED

 

 

 

 

Total dwelling units approved

12 143

-6.6

-11.6

 

Private sector houses

7 984

-2.2

-14.1

 

Private sector other dwellings

3 634

-15.7

-0.6


 

 

 

 

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%.



NOTES

FORTHCOMING ISSUES

ISSUE

Release Date

October 2010

30 November 2010

November 2010

6 January 2011

December 2010

3 February 2011

January 2011

3 March 2011

February 2011

31 March 2011

March 2011

5 May 2011




CHANGES IN THIS ISSUE

There are no changes in this issue.


REVISIONS THIS MONTH

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

 

2009-10

2010-11

TOTAL


 

NSW

24

7

31

Vic.

239

36

275

Qld

-12

-8

-20

SA

1

-

1

WA

-

2

2

Tas.

-

-1

-1

NT

-

-

-

ACT

-

2

2

Total

252

38

290


 

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.

Source - ABS