Summary: Home approval numbers up 9.9% in May, above expectations; down-trend still in place; house approvals down 2.4% by number, apartments up 35.1%; house approvals “particularly weak”, unit approvals trending sideways; non-residential approvals up 16.5% in dollar terms, residential alterations up 3.8%. Building approvals for dwellings, that is apartments and houses, had been heading south since mid-2018. As an indicator of investor confidence, falling approvals had presented a worrying signal,...