The total number of building approvals increased at a faster-than-expected pace in April, after declining sharply in the previous month, data from the Australian Bureau of Statistics showed Tuesday.
The seasonally-adjusted estimate for total dwellings approvals climbed 4.4 percent month-over-month in April, reversing a 10.3 percent decline in March. Economists had expected a 3.0 percent rise for the month.
Private sector dwellings approved grew 4.6 percent over the month, while public sector dwellings registered a decline of 4.4 percent.
At the same time, approvals for private sector houses increased 0.5 percent and total housing consents climbed by 0.8 percent.
On a yearly basis, total building approvals plunged a seasonally adjusted 17.2 percent in April.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.