April home approvals slip; low level “stark” when compared to rising population

Summary: Home approval numbers down 0.3% in April, contrasts with expected rise; 3.5% higher than April 2023; Westpac: confirms new dwelling investment will remain weak, low level stark when compared to rising population; ACGB yields up; cash rate expectations largely unchanged; ANZ: expects pick up later in 2024 on higher house prices, easing labour shortages; house approvals down 1.0%, apartments up 1.1%; non-residential approvals down 4.6% in dollar terms, residential...

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