Actual dwelling construction points to peak

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By Leith van Onselen

The ABS has released dwelling construction data for the June quarter of 2015, which registered strong overall construction activity despite a significant divergence between the house and unit segments, and some weakening over the June quarter.

According to the ABS, the number of dwelling commencements fell by a seasonally-adjusted 3.2% in the June quarter but were up by 14.0% over the year. Detached house commencements fell by 2.9% over the quarter and were flat over the year, whereas unit commencements fell by 4.9% over the quarter but were up by 33.7% over the year (see below charts).

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.