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Latest ABS figures reveal slump in new housing, but HomeBuilder still supporting sector – NEWS.com.au

Latest ABS figures reveal slump in new housing, but HomeBuilder still supporting sector

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New housing approvals have slumped from last years highs but remain well above pre-coronavirus levels due to the uptake of HomeBuilder grants. Latest building approval figures from the Australian Bureau of Statistics for the month of January reveal a 19.4 per cent fall in new homes approved for construction compared with the previous month.
The slump is off the back of the largest monthly rise in approvals on record in December due to the swath of federal and state government building grants that…

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