Australia Building Approvals for March: +17.4% m/m (expected +3.0%)

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Australia Building Approvals for March jump 17.4% m/m

• expected +3.0% m/m, prior +21.6% 

Check out the ‘prior’ …. +21.6%! And today’s number is +170.4%. There is a huge rise of housing to be built in the pipeline. Long may it continue! More supply just might impact on prices (stop them skyrocketing) … although monetary policy remaining so loose as a huge tailwind. 

 more to come