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November dwelling approvals post upturn

Staff Reporter 1 minute read

Building approvals figures released by the ABS today have revealed a 2.0 per cent rise in total dwelling approvals for November 2007 based on trend estimates, up 11.2 per cent from November last year.

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According to the ABS approvals for private sector houses rose by 1.5 per cent, with other private dwelling approvals climbing by 3.9 per cent – giving the aggregate 2.0 per cent rise.

The seasonally adjusted estimate for total dwellings approvals rose by 8.9 per cent – promising a brighter outlook for 2008 after a revised fall of 3.6 per cent in October.

 

November dwelling approvals post upturn
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