Home approvals bounce likely short-lived

01 September 2020

 

Summary: Home approval numbers jump; rise much higher than expected; house and apartment approvals both rise substantially; economists do not expect approvals to keep rising; non-residential approvals resume falling.   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, not just for the building sector but for the overall economy. However, approval...

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