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.
- 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%).
- 30 May 2024 Building Approvals April 2024
Dwelling approvals declined a seasonally adjusted 0.3% in April, against market expectations of a 1.8% gain. This followed an upwardly revised 2.7% increase in March (originally 1.9%).
- 02 May 2024 Building Approvals March 2024
Dwelling approvals rose a seasonally adjusted 1.9% in March (exp.: 3.4%), following a 0.9% decline in February (revised from -1.9%), but were down 2.5% YoY.
- 04 Apr 2024 Building Approvals February 2024
Dwelling approvals declined a seasonally adjusted 1.9% in February, against market expectations for a 3.0% gain. The 2.5% decline in January was stronger than the initially-estimated 1.0% fall.
- 05 Mar 2024 Building Approvals January 2024
Dwelling approvals declined a seasonally adjusted 1.0% in January, against the market expectations of a 4.0% increase.
- 01 Feb 2024 Building Approvals December 2023
Dwelling approvals fell a seasonally adjusted 9.5% in December (mkt exp +0.5%), following a downwardly revised increase of 0.3% in November (originally 1.6%). The December drop was driven by a 25.3% plunge in multi-dwelling approvals, while private sector house approvals declined 0.5% following a 4.3% fall in November.