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1.Market Observations, 8.Was Sticky

3 Feb 2017 (AFR) – Falling further: December building approvals slip to two-yearly low

(3 February 2017, AFR, p12, by Michael Bleby)

‘New housing approvals slipped to their weakest monthly total in more than two years in December, in a further sign of a sector tightening the taps on new developments. New dwellings given the nod by planning authorities slipped 1.2 per cent – in line with expectations – to a seasonally adjusted 17,327 in the last calendar month of the year, the lowest since the 16,158 approvals made in September 2014, Australian Bureau of Statistics figures showed on Thursday.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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