Building Approvals Dec 13 Qtr - still in growth phase but at a slower rate...




Dec 13
Nov 13 to Dec 13
Dec 12 to Dec 13
no.
% change
% change

TREND
Total dwelling units approved
16 583
1.5
25.0
Private sector houses
8 665
1.1
15.9
Private sector dwellings excluding houses
7 711
2.2
39.4
SEASONALLY ADJUSTED
Total dwelling units approved
16 141
-2.9
21.8
Private sector houses
8 604
-3.4
17.8
Private sector dwellings excluding houses
7 353
-1.2
29.3



Dwelling units approved
Graph: Dwelling units approved

Private sector houses approved
Graph: Private sector houses




DECEMBER KEY POINTS


TOTAL DWELLING UNITS

  • The trend estimate for total dwellings approved rose 1.5% in December and has risen for 24 months.
  • The seasonally adjusted estimate for total dwellings approved fell 2.9% in December and has fallen for three months.



PRIVATE SECTOR HOUSES

  • The trend estimate for private sector houses approved rose 1.1% in December and has risen for 13 months.
  • The seasonally adjusted estimate for private sector houses fell 3.4% in December after rising for three months.



PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

  • The trend estimate for private sector dwellings excluding houses rose 2.2% in December and has risen for nine months.
  • The seasonally adjusted estimate for private sector dwellings excluding houses fell 1.2% in December and has fallen for three months.



VALUE OF BUILDING APPROVED

  • The trend estimate of the value of total building approved rose 3.1% in December and has risen for 23 months. The value of residential building rose 2.2% and has risen for ten months. The value of non-residential building rose 4.3% and has risen for five months.
  • The seasonally adjusted estimate of the value of total building approved rose 6.5% in December following a fall of 3.9% in the previous month. The value of residential building rose 3.4% following a fall of 1.5% in the previous month. The value of non-residential building rose 11.2% following a fall of 7.3% in the previous month.