Breaking News

Australia Private House Approvals

Latest Release

Sep 10, 2024

Actual

0.6%

Forecast

0.6%

-0.5%

Construction industry provides information on construction output and activity. Such information gives an insight into the supply on the housing and construction market. Rising number of new construction starts or value of construction completed reflects higher consumer and business optimism. Expanding construction indicates growth in the housing market and predicts an increase in the overall economy. However, an excessive supply of new buildings may result in a drop in housing prices. The construction industry is one of the first to go into a recession when the economy declines but also to recover as conditions improve.Statistics of building work approved are compiled from: permits issued by local government authorities; contracts let or day labour work authorised by Commonwealth, State, semi-government and local government authorities; major building activity in areas not subject to normal administrative approval e.g. building on remote mine sites.

Importance:

Country:

Currency: AUD

Source: Australian Statistician

Release Date	Time	Actual	Forecast	Previous
Sep 10, 2024 (Jul)	11:30	0.6%	0.6%	-0.5%
Sep 02, 2024 (Jul)	11:30	0.6%		-0.5%
Aug 06, 2024 (Jun)	11:30	-0.5%	-0.5%	1.9%
Jul 30, 2024 (Jun)	11:30	-0.5%		1.9%
Jul 10, 2024 (May)	11:30	2.1%	2.1%	-3.0%
Jul 03, 2024 (May)	11:30	2.1%		-0.3%

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Analysis

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