Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Australia
AUSODCNPI03MLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14,808.48
Year-over-Year Change
-5.25%
Date Range
1/1/1960 - 11/1/2023
Summary
This economic indicator tracks the number of residential building permits issued in Australia, providing insights into construction activity and future housing supply.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Australia series measures the volume of new residential building permits approved by local authorities, including single-family homes and multi-unit structures. This data is a leading indicator of future construction and a key metric for economists and policymakers assessing the health of the Australian housing market.
Methodology
The data is collected by the Australian Bureau of Statistics through surveys of local government agencies.
Historical Context
Policymakers use this data to inform decisions around housing and urban planning, while analysts monitor it to gauge the strength of the construction industry and broader economic conditions.
Key Facts
- The data is reported on a monthly basis.
- Permit approvals are a leading indicator of future construction activity.
- The volume of residential building permits is closely watched by analysts and policymakers.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the number of new residential building permits issued in Australia, including single-family homes and multi-unit structures.
Q: Why is this trend relevant for users or analysts?
A: Residential building permits are a leading indicator of future construction activity and housing supply, providing insights into the health of the Australian housing market and broader economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the Australian Bureau of Statistics through surveys of local government agencies responsible for issuing building permits.
Q: How is this trend used in economic policy?
A: Policymakers monitor this data to inform decisions around housing and urban planning, while analysts use it to gauge the strength of the construction industry and overall economic performance.
Q: Are there update delays or limitations?
A: The data is reported on a monthly basis, with some potential for lag in the reporting of permit approvals by local authorities.
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Amount Outstanding of Total Debt Securities for All Issuers, All Maturities, Residence of Issuer in Australia
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Australia (AUSODCNPI03MLSAM), retrieved from FRED.