Mortgage Business
Detached housing starts jumps 40% YOY: ABS
By Malavika Santhebennur
16 July 2021
The number of new houses that commenced construction in the March 2021 quarter was over 40 per cent higher than the same time last year, according to new data.
Building Activity figures for the March 2021 quarter released by the Australian Bureau of Statistics (ABS) have revealed that the seasonally adjusted estimate for the total number of dwelling units commenced rose by 0.2 per cent to 51,662 dwellings.
This was driven by a 5.9 per cent increase in the number of new detached housing commencements to a 20-year high of 35,869 and has followed a 27.1 per cent rise in the December 2021 quarter.