The ABS has released dwelling construction data for the September quarter, which recorded further widespread falls in construction activity.
According to the ABS, the number of dwelling commencements crashed by a seasonally-adjusted 11.7% over the September quarter, and by 27.2% over the year. Detached house commencements fell by 4.8% over the quarter and by 16.8% over the year, whereas unit commencements fell by 21.9% over the quarter and by 40.0% over the year:
As shown in the next chart, annual house commencements ran at long-term average levels in the September quarter, whereas apartment commencements continue to run above average levels despite crashing over the past year or so:
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