Mixed is perhaps the best description of the latest batch of volatile building data with a massive jump in approvals for apartments outweighing a drop in activity for stand alone premises.
The latest housing approval figures provide a mixed picture of the sector, with a flood of new apartment permits balanced against a slide in permits for stand-alone houses.Building approval data is notoriously volatile, but in trend terms the number of permits issued are down about 22 per cent on a year ago
The less volatile trend series reported a fairly flat result for total dwellings, up 0.4 per cent for the month, with apartment permits up 2.6 per cent and houses down 0.8 per cent. BIS Oxford Economics analyst Maree Kilroy said the jump in approvals was surprising, but likely to be a statistical anomaly.
Ms Kilroy said considering the negative leads for house prices and lot sales, approvals and home building were likely to weaken over the year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Conor McGregor announces shock retirement from MMAFormer UFC champion Conor McGregor surprises the UFC by announcing his retirement from mixed martial arts on Twitter.
Read more »
Conor McGregor retires from UFC ... againFirebrand Irishman Conor McGregor has announced his mixed martial arts retirement on Twitter - like he did in 2016.
Read more »
Council calls for gassing to be used to reduce corella numbersA country council in SA wants corellas gassed in large numbers to reduce their impact, but the proposal is generating a mixed response.
Read more »
Australian Conservation Foundation targets big business | Sky News AustraliaAustralia's peak conservation body has set its sights on some of the nation's biggest companies over its stance on climate change.\n\nThe Australian Conservation Foundation’s new campaign is lobbying employees and customers of companies such as Telstra, Coles and Woolworths, calling on them to boycott those sending mixed messages on climate change action.\n\nThe conservation group says more than 4,000 survey submissions were received within the first 24 hours of the campaign.\n\n\n\n\n\n\n
Read more »
Adani ready to go at Carmichael mine but says final approvals holding it upAdani claims it is ready to begin work at the controversial Carmichael mine.
Read more »
Residents across city told their apartment wrapped in dangerous claddingThousands of residents told their building is at risk - but the government wants the addresses kept secret.
Read more »
Pauline Hanson stands by 'stitched up' One Nation figures after 'stupid' and 'inappropriate' commentsPauline Hanson is standing by senior One Nation figures who she says were 'stitched up' by Al Jazeera.
Read more »
One dead, another critical after scaffolding collapse at building siteA teenager who died after a 17-metre tall scaffolding structure collapsed on top him at a building site in Sydney has been remembered by friends as an “angel” who always looked after everyone.
Read more »
Flight Centre worker built $1.5 million company from office mailroomA former Flight Centre worker who kickstarted his own company using a spare bedroom and the office mailroom credits an “all right boss” for his $1.5 million success.
Read more »