[cobran20]

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NOVEMBER KEY POINTS


TOTAL DWELLING UNITS


The trend estimate for total dwellings approved fell 2.2% in November 2011 and has fallen for 13 months.
The seasonally adjusted estimate for total dwellings approved rose 8.4% in November following a fall of 10% in the previous month.


PRIVATE SECTOR HOUSES

The trend estimate for private sector houses approved fell 0.8% in November and has fallen for 23 months.
The seasonally adjusted estimate for private sector houses rose 4.8% in November 2011 following a fall of 6.7% in the previous month.


PRIVATE SECTOR DWELLINGS EXCLUDING HOUSES

The trend estimate for private sector dwellings excluding houses fell 3.9% in November and has fallen for the last 12 months.
The seasonally adjusted estimate for private sector dwellings excluding houses rose 17.2% following a fall of 16.6% last month.


VALUE OF BUILDING APPROVED

The trend estimate of the value of total building approved fell 2.2% in November and has fallen for 12 months. The value of residential building fell 2.1% and has fallen for the last 13 months. The value of non-residential building fell 2.4% and has now fallen for the last 12 months.
The seasonally adjusted estimate of the value of total building approved fell 2.6% in November following a fall of 2.0% last month. The value of residential building fell 2.7% in November and the value of non-residential building fell 2.5%.

This post has been edited by cobran20: 10 January 2012 - 04:25 AM

[Mr Medved]

You've gotta love seasonal adjustments.

[mattau]

seems to confirm that the value of building approaved is really on a downward trend...