The trend estimate of the value of total building approved fell 0.3% in August after rising for six months. The value of residential building rose 0.7% and has risen for four months. The value of non-residential building fell 1.8% after rising for six months. The seasonally adjusted estimate of the value of total building approved fell 5.0% in August and has fallen for two months. The value of residential building rose 2.2% following a fall of 1.5% in the previous month. The value of non-residential building fell 15.7% following a rise of 1.1% in the previous month.
Building Approvals rose by 0.4%
The trend estimate for total dwellings approved rose 1.1% in August and has risen for seven months. The seasonally adjusted estimate for total dwellings approved rose 0.4% in August following a fall of 1.2% in the previous month. The trend estimate for private sector houses approved rose 0.9% in August and has risen for six months. The seasonally adjusted estimate for private sector houses fell 0.6% in August after rising for three months.
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