Australian dwelling construction still running strong

The ABS has released dwelling construction data for the June quarter, which recorded rising dwelling commencements and completions.

According to the ABS, the number of dwelling commencements surged by a seasonally-adjusted 23.2% over the June quarter and by 52.8% over the year. Detached house commencements rose by 13.0% over the quarter and by 58.7% over the year, whereas unit commencements rose by 46.0% over the quarter and by 43.2% over the year:

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