No Homes For You: The Structural Desolation Of Dwelling Approval Falls!

Yesterday the ABS released the latest data on dwellings approved and they fell 0.3 per cent in April, after a 2.7 per cent rise in March, according to the seasonally adjusted data after just 13,078 new homes were signed off for construction. Looing at the mix, Approvals for private houses fell 1.6 per cent. While approvals for private sector dwellings excluding houses also fell 1.1 per cent in April in seasonally adjusted terms. In the year to April, just 163,493 new dwelling permits were issued, a level which has been broadly consistent since December as surging home building costs and […]