Building approvals rebound after plunge

Building approvals have rebounded after recently dropping to a decade low, but lending for housing continues to fall. Overall dwelling approvals rose 28.1 per cent to 17,497 through August after an 18.2 per drop in July, the Australian Bureau of Statistics said on Tuesday. Building approvals in July were at the lowest level since January 2012. “Approvals […]

This post was originally published on Michael West.