More gloom for the housing market as building approvals slump further

Further information about potential sources of revisions can be found in the feature article released with the January 2016 8731.0 publication – "Revisions to Building Approval Statistics". Small area data cubes and CSV files will be made available in an "Additional Information" release five business days after the main publication.

The data shows a shift away from building new apartments and townhouses, with multi-units taking a bigger fall than detached housing. Mr Garrett said building approvals for multi-units were down by 21.5 per cent in the year to September, while approvals for detached houses fell 2.3 per cent in the same period.

A slew of slowing housing indicators – including falling auction clearance rates, declining prices and a slump in building approvals – show. housing finance figures showed a further weakening in. Miami foreclosure rate fell in February Lender repossessions, or REO properties, fell.

Money Property More gloom for the housing market as building approvals slump further 3:44pm, May 30, 2019 Updated: 3:47pm, May 30 More gloom for the housing market as building approvals slump further. SYDNEY-The number of Australian homebuilding permits fell sharply for the second month in a row in December, fanning fears that a housing-sector slump will drag on economic growth. Approvals to.

Victorian home approvals slump as budget gloom takes a toll.. with multi-units taking a bigger fall than detached housing. Mr Garrett said building approvals for multi-units were down by 21.5 per cent in the year to September, while approvals for. Two contrasting pictures of Toronto’s housing market have emerged in the past week. One shows the market is recovering from last year’s slump when prices and sales. affordability worse – and. Office market gloom.

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The action in financial markets yesterday was sparked by unexpected comments from the US Federal Reserve that further extraordinary monetary easing was possible and by a surprise slump in Australia’s.

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More gloom for the housing market as building approvals slump further.. So we’re talking almost 60% of the entire housing market here, between those two cities alone. They also both make up roughly 80% of their state markets.. Sydney’s housing market also represents a lot more skin in the.

Building approvals of new apartments dropped to their lowest in more than five years in November, as investors retreated and developers scaled back new plans in the face of tighter credit curbs.