Australia Private House Approvals MoM Final

Info

History

Chart

Impact:

Low

Next Release:

Date:

Period: May

What Does It Measure?

The Private House Approvals MoM Final indicator measures the number of new residential building approvals granted in Australia, explicitly assessing the demand for new housing and construction activity. It focuses on the residential real estate market, reflecting economic sentiment and future construction plans, where values above the previous month indicate growth in housing approvals.

Frequency

This indicator is typically released monthly, and the final figure is published about 30 days after the end of the reporting month.

Why Do Traders Care?

Traders monitor Private House Approvals due to its significance for the Australian economy and its direct influence on sectors such as construction, real estate, and associated industries. Positive results typically buoy the Australian dollar and equity markets, while weaker approvals may prompt concerns about economic slowdown, negatively impacting investor sentiment.

What Is It Derived From?

The calculation of Private House Approvals is derived from a comprehensive survey of local government authorities, capturing detailed statistics on residential building permits. This includes monthly data collection on applications and approvals across various regions, ensuring a representative indication of national housing trends.

Description

The Private House Approvals MoM Final compares the number of housing approvals in a given month against the previous month, providing insights into short-term trends in the construction sector. This MoM reporting allows for the identification of immediate shifts in housing demand, which is especially useful for evaluating the impact of economic factors like interest rates or consumer sentiment on residential construction.

Additional Notes

This indicator is considered a leading economic measure, as a rise in housing approvals suggests increased future construction activity and economic growth. It often correlates with other construction and housing data, indicating broader trends in the Australian economy and serving as a barometer for consumer confidence in the property market.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for AUD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Time	Actual	Forecast	Previous	Surprise