Australian Economy

Building approvals hold in great slide

David Llewellyn-Smith
Monday 10 January 2022
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A brief reprieve for Building Approvals today:

Key statistics

  • The seasonally adjusted estimate for total dwellings approved rose 3.6% in November.
  • Private sector houses rose 1.4%, while private sector dwellings excluding houses increased 9.7%.
  • The value of non-residential building approved rose 28.3%.

Dwellings approved

November key figures, seasonally adjusted
Nov-21 Monthly change Yearly change
no. % %
Total dwelling units approved 16,448 3.6 -7.7
Private sector houses 10,892 1.4 -8.1
Private sector dwellings excluding houses 5,315 9.7 -5.5

The number of dwellings approved in Australia rose 3.6% in November, in seasonally adjusted terms. This follows a 13.6% decline in October.

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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.