Building approvals continue rebound

Tuesday 1 December 2020

Thanks HomeBuilder:

October key figures

Oct 20 Sep 20 to Oct 20 Oct 19 to Oct 20

no. % %

Seasonally adjusted

Total dwelling units approved 16 584 3.8 14.3

Private sector houses 10 692 3.1 31.7

Private sector dwellings excluding houses 5 529 6.2 -10.6

October key figures
		Oct 20	Sep 20 to Oct 20	Oct 19 to Oct 20
Seasonally adjusted
	Total dwelling units approved	16 584	3.8	14.3
	Private sector houses	10 692	3.1	31.7
	Private sector dwellings excluding houses	5 529	6.2	-10.6

I have no idea why anybody would build apartments now given they are mainly for Chinese imports that are not coming back but the segment is volatile so maybe it’s just noise:

It makes a bit more sense when we break it up by state:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.