8750.0 - Building Activity, Australia: Dwelling Unit Commencements, Preliminary, Dec 2003
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 18/03/2004
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DECEMBER KEY FIGURES
DECEMBER KEY POINTS
SEASONALLY ADJUSTED ESTIMATES
ABOUT THIS ISSUE
This publication provides an early indication of trends in the number of dwelling units commenced. The data are estimates based on a response rate of approximately 90% of a sample of building jobs collected in the Building Activity Survey. More comprehensive and updated results will be released in Building Activity, Australia (cat. no. 8752.0) on 19 April 2004.
SIGNIFICANT REVISIONS THIS ISSUE
The total number of dwelling units commenced in Australia during the September quarter 2003 has been revised downwards by 360 (-0.8%) from the estimate published in Building Activity, Australia, September quarter 2003 (cat. no. 8752.0) released on 19 January 2004.
The seasonally adjusted and trend series have been revised as a result of the annual review of concurrent seasonal factors. See paragraphs 13 to 19 of the Explanatory Notes. As part of this review, the method of generating the seasonally adjusted series has been revised and is explained in paragraph 14.
For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.
NEW SOUTH WALES
Following six quarters of growth starting with the June quarter 2001, the trend estimate of commencements has fallen for the last five quarters.
The trend estimate of commencements is now showing a rise for the last two quarters, following four quarters of decline.
After a small downturn in late 2002 to early 2003, the trend estimate of commencements has resumed the growth which began with the June quarter 2001.
The trend estimate of commencements is now showing a rise for the last two quarters, following three quarters of decline.
The trend estimate of commencements has risen steadily for the last 11 quarters, commencing with the June quarter 2001.
Starting with the June quarter 2001, the trend estimate of commencements has shown strong growth other than a brief lull in the last half of 2002.
Since arresting a downward trend in the March quarter 2001, the trend estimate of commencements has been relatively flat, with the last two quarters showing growth.
AUSTRALIAN CAPITAL TERRITORY
Following falls in the previous three quarters, the trend estimate of commencements rose in the latest quarter.
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