HomeBuilder delivers massive jump in housing starts

The Australian Bureau of Statistics (ABS) yesterday released Building Activity data for the December quarter of 2020, which revealed a big 18.6% rise in dwelling commencements over the quarter driven by a 27.0% surge in detached house commencements:

Dwelling commencements Australia

Dwelling commencements boomed in the December quarter of 2020, driven by detached houses.

By comparison, unit & apartment commencements rose by only 4.6% over the quarter and are tracking close to 8-year lows.

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