Pandemic takes toll, home approvals fall again

30 July 2020

 

Summary: Home approval numbers fall again; fall a little worse than expected; house and apartment approvals both down moderately; some data indicative of housing recovery; non-residential approvals up after four months of falls but “further retracement ahead”.   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...

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