Still waiting for building industry recovery

New ABS building approvals data show building approvals (seasonally adjusted) in Queensland increased by nearly 8% in December 2012, but they remain at a low level:

approvals

The national data aren’t encouraging. See, for example, coverage at MacroBusiness (Building approvals fall sharply in December) and the Conus economics blog (Building Approvals decline; but the trend data is up…just).

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One Response to Still waiting for building industry recovery

  1. Pauk says:

    Mmmm. you to are including the massive stimulus boost to public housing from 2008 to 2010.

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