Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Australia
AUSODCNPI03GYSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.34
Year-over-Year Change
-184.00%
Date Range
1/1/1956 - 5/1/2025
Summary
This economic trend measures the number of construction permits issued for dwellings and residential buildings in Australia. It is a key indicator of housing market activity and future construction investment.
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 data series tracks the total number of building permits approved for new residential construction projects. This metric is used by economists and policymakers to assess the health of the Australian housing market and predict future construction activity.
Methodology
The data is collected through a survey of local government authorities that issue residential building permits.
Historical Context
This trend is closely monitored by the Reserve Bank of Australia and other agencies to inform economic and housing policies.
Key Facts
- Australia issued over 180,000 residential building permits in 2022.
- Permit approvals peaked in 2021 at 218,000 units.
- Building permits are a leading indicator of future construction activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of construction permits issued for new dwellings and residential buildings in Australia.
Q: Why is this trend relevant for users or analysts?
A: The number of building permits is a key indicator of future housing construction activity and investment, which is important for understanding the state of the Australian economy.
Q: How is this data collected or calculated?
A: The data is collected through a survey of local government authorities that issue residential building permits.
Q: How is this trend used in economic policy?
A: The Reserve Bank of Australia and other policymakers closely monitor this trend to inform housing and economic policies.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically within a few months of the reference period.
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Citation
U.S. Federal Reserve, Orders: Construction: Permits Issued: Dwellings and Residential Buildings for Australia (AUSODCNPI03GYSAM), retrieved from FRED.