The ABS published Building Approvals to December 2014 today. The trend estimate for total dwellings approved rose 1.3% in December and has risen for seven months supported by strong unit growth. The trend estimate for private sector houses approved fell 0.2% in December and has fallen for nine months. The trend estimate for private sector dwellings excluding houses rose 2.9% in December and has risen for seven months.
The trend estimate of the value of total building approved rose 0.2% in December after falling for four months. The value of residential building rose 0.6% and has risen for two months. The value of non-residential building fell 0.7% and has fallen for four months.
