After tracking the latest data from the Australian Bureau of Statistics, HIA Economics released an updated analysis of building approvals by region and type in order to investigate the implications for new home construction in 2017.
Their research unveiled the following key findings:
"In the last calendar year, all categories except semi-detached, row or terrace dwellings posted a negative change. Building approvals in the ‘semi-detached’ category increased by 3.8 per cent in 2016."The remaining categories posted declines in 2016: