Supplies in the country fell 0.5% in May, in line with the decline in the number of dwellings in the private sector.
"The overall decline is attributable to the decline in private sector housing, which declined by 1.3% in terms of trend," said Daniel Rossi, director of construction statistics for the Australian Bureau of Statistics (ABS ). "This was partially offset by an increase in private dwellings excluding homes, which increased by 0.6%."
SBS data show that the total number of approved dwellings decreased in the Northern Territories (6.1%), Tasmania (3.9%), Victoria (1.5%) in Western Australia (0.7%) and New South Wales (0.7%). terms. In addition, the Australian Capital Territory (7.2%), South Australia (0.4%) and Queensland (0.4%) recorded increases.
The continuing slowdown in the eastern states has resulted in lower approvals for private sector homes. New South Wales (2.9%), Victoria (1.3%), Western Australia (0.7%) and Queensland (0.1%) posted declines. South Australia, meanwhile, was flat.
However, in seasonally adjusted figures, the total number of dwellings increased 0.7% in May, with an increase in Victoria (14.4%) contributing to the national increase.
"May construction approval figures were slightly above expectations," said Maree Kilroy, economist at BIS Oxford Economics.
Queensland (6.3%), Western Australia (4.7%), South Australia (2.9%) and Tasmania (1.2%) recorded drops, while New South Wales has not moved.
The number of private dwellings excluding houses increased by 1.2%, while the number of approved dwellings decreased by 0.3%.
The total value of approved buildings decreased by 0.2%, in terms of trend. The value of residential buildings decreased by 0.6%, while that of non-residential buildings increased by 0.3%.
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