Australia Building Approvals for March jump 17.4% m/m
- expected +3.0% m/m, prior +21.6%
Check out the 'prior' .... +21.6%! And today's number is +17.4%. There is a huge rise in housing to be built in the pipeline. Long may it continue! More supply just might impact on prices (stop them skyrocketing) ... although monetary policy remaining so loose is a huge tailwind.
Approvals y/y are +47%.