Australia Dwelling Approvals Up in February, Final ABS Data Shows

Seasonally adjusted data revealed that the total number of dwellings approved in Australia rose nearly 30% to 19,022 in February from 14,669 in the previous month, according to final figures released Friday by the Australian Bureau of Statistics (ABS).The final figures were unchanged from the preliminary data.Private sector housing approvals inched up 0.2% to 9,847 in February, while approvals for private sector dwellings excluding houses rose past 101% to 8,922, according to the ABS data.Meanwhile, the value of total non-residential building approvals fell 4.4% to AU$7.93 billion, and the value of total residential building approvals rose roughly 31% to AU$12.5 billion.

-- Seasonally adjusted data revealed that the total number of dwellings approved in Australia rose nearly 30% to 19,022 in February from 14,669 in the previous month, according to final figures released Friday by the Australian Bureau of Statistics (ABS).

The final figures were unchanged from the preliminary data.

Private sector housing approvals inched up 0.2% to 9,847 in February, while approvals for private sector dwellings excluding houses rose past 101% to 8,922, according to the ABS data.

Meanwhile, the value of total non-residential building approvals fell 4.4% to AU$7.93 billion, and the value of total residential building approvals rose roughly 31% to AU$12.5 billion.