Australia: Dwelling permits Highest Since July 2018

In October 2018 the dwelling permits were 17.918 units in Australia. This is 13,4% over the annual average and the highest since July 2018. In comparison to the last 10 years the highest value was 23.501 units in November 2017 and the lowest value was 7.431 units in January 2009. If we compare this to the year before, we have a decrease of the value by -11,5% and compared to September, the value has increased by 6,4%. Based on this data the B+L forecast for the current year leads to a yearly growth rate of 2,5%.