Home approvals “still soft” but possibly “stabilising”

30 July 2019

 

Approvals figures for dwellings, that is apartments and houses, have been heading south since mid-2018. As an indicator of investor confidence, falling approval figures represent a worrying signal, not just for the building sector but for the overall economy. May’s figures offered some hope of a recovery and some economists thought at the time the bottom of the cycle may be approaching.  The Australian Bureau of Statistics has now released...

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