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Indicator Digest

Housing Starts
Housing starts measures the construction of new homes. When more new homes are being built, the construction sector is active, and consumers have the capital to afford taking on such investments. When new homes are finished, they have other effects on the economy as those homes have to be filled with furniture and appliances, boosting other sectors of the economy.

Main Indicator: Dwelling Commencements q/q

Most Recent Release

June
16th, 2009
Actual Forecast Previous Revised Form
-4.0% -3.1% -11.5% -9.9%

For 1st Quarter
Provided by: Australian Bureau of Statistics
Release: Key Figures

Table of Past Data

12/136/199/1212/163/186/169/1412/153/186/16
Actual0.30%1.3%-4.0%1.3%2.6%-3.3%-3.7%-10.7%-9.9%-4.0%
Forecast-2.80%-0.4%1.5%-0.7%-2.7%-2.3%1.0%-3.1%
Previous-2.30%0.6%1.1%-4.0%3.4%4.2%-1.0%0.2%-10.7%-11.5%
Revised FromN/A-0.8%1.3%N/A1.3%2.6%-3.3%-3.7%N/A-9.9%

Past Releases

March
18th, 2009
Actual Forecast Previous Revised Form
-9.9% 1.0% -10.7% N/A

For 4th Quarter
Provided by: Australian Bureau of Statistics
Current Release: Key Figures

Housing starts in Australia slumped to their lowest level in almost eight years in the December quarter. Potential home owners stayed on the sidelines as they fretted about the economy. That came despite aggressive action by the central bank to bring down interest rates and a fiscal stimulus plan that put more money into people's pockets. The number of housing starts fell 9.9% on the quarter, sharply disappointing the optimistic expectation of a 1% rise. On the year, starts are down 19.5%.

December
15th, 2008
Actual Forecast Previous Revised Form
-10.7% -2.3% 0.2% -3.7%

For 3rd Quarter
Provided by: Australian Bureau of Statistics
Official Release: Key Figures

September
14th, 2008
Actual Forecast Previous Revised Form
-3.7% -2.7% -1.0% -3.3%

For 2nd Quarter
Provided by: Australian Bureau of Statistics
Official Release: Key Figures

From the Release: "The seasonally adjusted estimate for the total number of dwelling units commenced fell 3.7% in the June quarter which follows a revised fall of 1.0% in the March quarter."

June
16th, 2008
Actual Forecast Previous Revised Form
-3.3% -0.7% 4.2% 2.6%
For 1st Quarter
Provided by: Australian Bureau of Statistics
Official Release: Key Figures
March
18th, 2008
Actual Forecast Previous Revised Form
2.6% 1.5% 3.4% 1.3%
For 4th Quarter
December
16th, 2007
Actual Forecast Previous Revised Form
1.3% -4.0% N/A
September
12th, 2007
Actual Forecast Previous Revised Form
-4.0% -0.4% 1.1% 1.3%
(SA)
June
19th, 2007
Actual Forecast Previous Revised Form
1.3% 0.6% -0.8%
According to Australian Bureau of Statistics, new private sector house commencements dropped by 0.9% q/q in March, following a revised increase of 0.1% in the December quarter 2006. New private other residential building rose 5.3% in the March quarter 2007 after a revised increase of 1.4% in the December quarter 2006.
December
13th, 2006
Actual Forecast Previous Revised Form
0.30% -2.80% -2.30% N/A