Home approvals data contain “hints of firming”

03 February 2020

 

Approvals for dwellings, that is apartments and houses, had been heading south since mid-2018. As an indicator of investor confidence, falling approvals represent a worrying signal, not just for the building sector but for the overall economy. November’s figures represented a substantial turnaround and now December’s figures have lent weight to some economists’ forecasts of a recovery in 2020.  The Australian Bureau of Statistics has released the latest figures from...

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