Australia August Building Approvals: Summary

Following is a summary of Australia’s building approval figures for August, seasonally adjusted, released by the Australian Bureau of Statistics in Sydney.

===============================================================================
                          Aug.*    July    June     May   April   March    Feb.
                           2011    2011    2011    2011    2011    2011    2011
===============================================================================
                         ----------------------- MoM% -------------------------
Total dwelling units      11.4%    1.8%   -3.5%   -6.1%   -0.4%    7.4%   -5.0%
 Public                   -5.2%   70.9%    4.0%   14.6%  -53.2%   31.5%    1.7%
 Private                  12.0%    0.3%   -3.7%   -6.4%    1.5%    6.7%   -5.2%
Total houses              -0.4%    0.3%   -4.3%    1.7%   -3.7%   -1.1%    1.8%
 Private                  -1.0%    0.2%   -4.0%    1.4%   -3.4%   -0.6%    0.9%
Total other dwellings     31.0%    4.3%   -2.1%  -17.3%    4.7%   24.0%  -15.9%
 Private                  35.1%    0.4%   -3.1%  -17.8%    9.4%   21.3%  -15.4%
                         ----------------------- YoY% -------------------------
Total dwelling units      -5.5%  -14.3%   -7.8%   -4.4%    1.8%    2.2%   -4.8%
-----------------------------------------------------------------------------
===============================================================================
                          Aug.*    July    June     May   April   March    Feb.
                           2011    2011    2011    2011    2011    2011    2011
===============================================================================
                         ----------------------- YoY% -------------------------
 Public                  -60.7%  -49.7%  -13.0%  -16.3%  -27.0%   56.0%   18.7%
 Private                  -1.1%  -12.0%   -7.7%   -4.1%    2.4%    1.0%   -5.4%
Total houses              -9.8%  -12.8%  -19.1%  -15.5%  -16.9%  -13.7%  -12.7%
 Private                  -9.5%  -11.7%  -18.3%  -14.9%  -16.1%  -13.2%  -12.7%
Total other dwellings      0.6%  -16.7%   21.5%   24.1%   50.1%   43.3%   15.6%
 Private                  12.4%  -12.6%   20.0%   23.9%   50.7%   37.8%   13.5%
                         --------------- Number of Approvals ------------------
Total dwelling units     13,800  12,384  12,165  12,609  13,426  13,486  12,556
 Public                     423     446     261     251     219     468     356
 Private                 13,376  11,938  11,904  12,358  13,208  13,019  12,200
Total houses              7,693   7,724   7,698   8,044   7,907   8,214   8,303
 Private                  7,547   7,622   7,604   7,920   7,808   8,083   8,132
Total other dwellings     6,106   4,660   4,467   4,565   5,519   5,272   4,253
 Private                  5,829   4,316   4,300   4,438   5,400   4,936   4,068
===============================================================================

Note: * Month-on-month percent changes are calculated by Bloomberg based on figures provided by the Australian Bureau of Statistics. Prior data is subject to revisions. Figures are seasonally adjusted.

Source: Australian Bureau of Statistics.

To contact the reporter on this story: Daniel Petrie in Sydney at dpetrie5@bloomberg.net

To contact the editor responsible for this story: Marco Babic at mbabic@bloomberg.net

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