Australian dwelling starts collapse

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:

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