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.
- 02 Dec 2024 Building Approvals October 2024
Dwelling approvals rose a seasonally adjusted 4.2% in October (exp. 1.3%), following a 5.8% increase in September (revised from 4.4%). The annual growth rate decelerated to 6.1% from 6.8%. Monthly trend growth, which looks through the volatility, eased to 1.7% from 1.9%.
- 31 Oct 2024 Building Approvals September 2024
Dwelling approvals rose a seasonally adjusted 4.4% in September (exp.: 2.1%), following a 3.9% fall in August (revised up from -6.1%). The increase pushed up the annual growth rate to 6.8% from 4.7%.
- 01 Oct 2024 Building Approvals August 2024
Dwelling approvals fell a seasonally adjusted 6.1% in August, (exp. -4.3%) following an 11.0% increase in July (revised up from 10.4%). The trend growth estimate, which looks through the monthly volatility, was soft at 0.6%.
- 02 Sep 2024 Building Approvals July 2024
Dwelling approvals bounced a seasonally adjusted 10.4% in July, against the market expectations of a more moderate 2.8% rise. This followed a 6.4% decline in June (revised from -6.5%). The trend growth estimate, which looks through the monthly volatility, remained unchanged at 2.1%.
- 30 Jul 2024 Building Approvals June 2024
Dwelling approvals dropped a seasonally adjusted 6.5% in June, against the market expectations of a 2.3% fall. This followed a slight upward revision to the May figures, to +5.7% from the originally estimated +5.5%.
- 03 Jul 2024 Building Approvals May 2024
Dwelling approvals climbed a seasonally adjusted 5.5% in May, following an upwardly revised 1.9% increase in April (revised from -0.3%).