WA new dwelling approvals up strongly in NovemberJanuary 9 2017
Western Australia experienced a strong rebound in seasonally-adjusted dwelling approvals in November 2016, particularly on the multi-unit side.
The volume of approvals for new dwellings bounced back strongly in the month of November, with WA seeing a 24.4 per cent increase in seasonally-adjusted dwelling approvals, the largest increase in the country for the month.
The Housing Industry Association’s (HIA) Senior Economist, Shane Garrett said, “During November, new dwelling approvals rose by 7.0 per cent compared with the previous month.”
“November was a particularly good month on the multi-unit side of the market with approvals increasing by 17.3 per cent during the month following a big fall in October.”
“The year 2016 was a record one for new dwelling commencements and this will ensure that the volume of residential building activity remains elevated over much of 2017,” explained Shane Garrett.
Interactive map: Hover over the state for State approval increases/decreases for November 2016
“However, we anticipate that new dwelling starts will decline over the next 12 months, with this likely to be felt on the ground towards the end of this year,” concluded Shane Garrett.
In November 2016, the largest increase in seasonally-adjusted dwelling approvals occurred in Western Australia.
Source: HIA Media Release, 9th November 2017, “New Dwelling Approvals rebound Strongly in