The Australian Bureau of Statistics (ABS) has today reported home building approvals have fallen 14.8% between March and April this year, seasonally adjusted.
April is the third month building approvals have moved downwards, and this follows the sixth straight month of falling home loan approvals.
ยป 8731.0 – Building Approvals, Australia, Apr 2010 – Australian Bureau of Statistics, 1st June 2010.
What is the unadjusted number?
And we should be suprised at this???