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8731.0 - Building Approvals, Australia, February 2012 Quality Declaration 
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 02/04/2012   
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FEBRUARY KEY FIGURES

Feb 12
Jan 12 to Feb 12
Feb 11 to Feb 12
no.
% change
% change

TREND
Total dwelling units approved
11 064
-1.5
-18.0
Private sector houses
7 340
-0.3
-9.4
Private sector dwellings excluding houses
3 571
-3.8
-29.1
SEASONALLY ADJUSTED
Total dwelling units approved
10 771
-7.8
-15.2
Private sector houses
7 214
-3.4
-11.7
Private sector dwellings excluding houses
3 385
-15.8
-18.8


Dwelling units approved
Graph: Number of dwelling units approved

Private sector houses approved
Graph: Private sector houses approved




FEBRUARY KEY POINTS


TOTAL DWELLING UNITS
  • The trend estimate for total dwellings approved fell 1.5% in February 2012 and has fallen for 15 months.
  • The seasonally adjusted estimate for total dwellings approved fell 7.8% in February following a rise of 1.1% in the previous month.


PRIVATE SECTOR HOUSES
  • The trend estimate for private sector houses approved fell 0.3% in February and has fallen for 26 months.
  • The seasonally adjusted estimate for private sector houses fell 3.4% in February 2012 and has now fallen for 3 successive months.


PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES
  • The trend estimate for private sector dwellings excluding houses fell 3.8% in February and has now fallen for 14 months.
  • The seasonally adjusted estimate for private sector dwellings excluding houses fell 15.8% following a rise of 1.9% last month.


VALUE OF BUILDING APPROVED
  • The trend estimate of the value of total building approved fell 1.1% in February and has fallen for 14 months. The value of residential building fell 1.2% and has fallen for the last 16 months. The value of non-residential building fell 1.0% and has now fallen for the last 13 months.
  • The seasonally adjusted estimate of the value of total building approved fell 32.1% in February following a rise of 51.6% last month. The value of residential building was flat. The value of non-residential building fell 53.7% in February, following a rise of 128.3% last month.


NOTES

FORTHCOMING ISSUES

ISSUE Release Date
February 2012 (Additional Information)11 April 2012
March 2012 7 May 2012
March 2012 (Additional Information)11 May 2012
April 201231 May 2012
April 2012 (Additional Information)7 June 2012
May 20123 July 2012
May 2012 (Additional Information)10 July 2012
June 201231 July 2012
June 2012 (Additional Information)7 August 2012



CHANGES IN THIS ISSUE

There are no changes in this issue.


DATA NOTES

The trend estimates should be interpreted with caution as the underlying behaviour of building approvals may be affected by initiatives within the Government stimulus package, which included the "Building the Education Revolution" (BER) program and the Social Housing Initiative as well as other developments associated with global economic conditions. From June 2009 to February 2010 BER impacts were quantified and removed from the trend estimates because of their short term nature. From April 2010 these impacts are no longer removed from the trend estimates as their effect has significantly declined. For more details on trend estimates, please see paragraphs 19 to 21 of the explanatory notes.


REVISIONS THIS MONTH

Revisions to the total number of dwelling units approved in this issue are:

2010-11
2011-12
TOTAL

NSW
-
416
416
Vic.
31
2
33
Qld
-
7
7
SA
-
-2
-2
WA
-
16
16
Tas.
-
-
-
NT
-
-
-
ACT
-
346
346
Total
31
785
816




INQUIRIES

For further information about these and related statistics, contact the National Information and Referral Service on 1300 135 070.


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