first_imgThe latest ABS data doesn’t look good for the building industry.The Australian Bureau of Statistics (ABS) has released its latest data on the Australian building sector — and it’s not pretty.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoAccording to the analysis, seasonally adjusted approval numbers for total dwellings fell 13.4 per cent in March after rising for two months.Not surprisingly, unit and other housing are bearing the brunt of the downturn with a seasonally adjusted fall of 22.5 per cent in the March result for private sector housing excluding dwellings.Detached housing fell by 4.3 per cent across the same measure.The seasonally adjusted estimate of the value of total buildings approved fell 15.5 per cent in March following a rise of 22.6 per cent in the previous month.On a state-by-state comparison of trend estimates, Queensland saw a rise in total building approvals of 0.5 per cent in March, second only to New South Wales which experienced a three per cent gain in their trend figures.last_img

Building approvals take a tumble

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