Summary: Home approval numbers down 5.8% in August, above expectations; 13.0% lower than September 2021; HomeBuilder effect unwound; higher interest rates yet to be felt; reflects supply constraints, not demand; house approvals down 7.5%, apartments down 3.1%; non-residential approvals up 3.7% in dollar terms, residential alterations down 2.9%. Building approvals for dwellings, that is apartments and houses, headed south after mid-2018. As an indicator of investor confidence, falling approvals had...