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Australia Economy: 
Australian Building Approvals Drop 5.7% in March
Author: 123jump.com Staff
123jump.com
Last Update: 8:14 AM EDT May 01 2008



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The seasonally adjusted estimate for total dwelling units approved fell 5.7% in March following a revised fall of 0.8% in February.

 
The following is an unedited transcript of the news release from the Australian Bureau of Statistics.

TOTAL DWELLING UNITS

The trend estimate for total dwelling units approved fell 2.1% in March 2008.
The seasonally adjusted estimate for total dwelling units approved fell 5.7% in March following a revised fall of 0.8% in February.

PRIVATE SECTOR HOUSES

The trend estimate for private sector houses approved fell 1.1% in March following a revised fall of 0.9% in February.
The seasonally adjusted estimate for private sector houses approved fell 5.8% in March following a revised increase of 1.2% in February.


PRIVATE SECTOR OTHER DWELLING UNITS

The trend estimate for private sector other dwellings approved fell 3.9% in March.
The seasonally adjusted estimate for private sector other dwellings approved rose 0.3% in March.

VALUE OF BUILDING APPROVED

The trend estimate for the value of total building approved fell 0.9% in March. The trend estimate for the value of new residential building approved fell 2.5% and the value of alterations and additions fell 0.3%. The value of non-residential building approved rose 0.9%.

The seasonally adjusted estimate for the value of total building approved fell 0.1% in March. The seasonally adjusted estimate for the value of new residential building approved fell 6.0% in March. The seasonally adjusted estimate for the value of alterations and additions fell 7.0% and the value of non-residential building rose 8.9%.


Available at:

http://www.abs.gov.au/ausstats/abs%40.nsf/mf/8731.0
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