September approvals rise, but Australia still faces shortfall
ABS Building Approvals data for September shows a 5.1 per cent monthly increase for new home approvals. The headline says Australia still faces a shortfall despite the rise. The supplied article text is cut off, so further detail is unavailable.
New home approvals rose 5.1 per cent month-on-month in September, according to ABS Building Approvals data
Are building approvals rising in Australia, and is there still a shortfall in new homes?
Rising approvals suggest more work coming through for builders and the trades that follow them, such as carpenters, plumbers and electricians. The reported shortfall suggests demand for housing work will stay strong.
Key takeaways
- ABS data shows new home approvals rose 5.1 per cent in September from the previous month.
- Despite the monthly rise, the article says Australia still faces a shortfall.
- Higher approvals usually mean more work for builders and the trades that follow them.
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