August approvals show “solid rises” in houses, units

Summary: Home approval numbers rise 6.8% in August, contrasts with expected figure; up 31.2% on annual basis; rises across houses, units, nearly all major states; house approvals “still above pre-pandemic range” but units “starting to catch up”; house approvals up 3.8%, apartment approvals up 12.7%; non-residential approvals up 43.8%, residential alterations up 10.0% over month. Building approvals for dwellings, that is apartments and houses, had been heading south since mid-2018....

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