Economic Buzz: Australia Building Permits Climb 8.2% On Month In December

10 Feb 2022 , 09:09 AM

Australia housing permits was up a seasonally adjusted 8.2 percent on month in December, the Australian Bureau of Statistics said on Thursday, coming in at 17,698, and up from 2.6 percent in November. Approvals for private sector houses fell 1.8 percent on month to 10,444, while approvals for private sector dwellings excluding houses surged 27.5 percent to 7,008. On a yearly basis, overall approvals fell 7.5 percent, private sector houses tumbled 21.3 percent and dwellings excluding houses jumped 24.5 percent.

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