Monitor AU Housing Starts q/q to gauge economic health through construction impacts and job creation.
This is a key indicator of economic vitality, as building construction generates extensive ripple effects. For instance, it creates jobs for construction workers, leads to the hiring of subcontractors and inspectors, and drives the purchase of various services by builders. However, this data source was discontinued in September 2012, and it tends to have a relatively subdued impact since the closely-related Building Permits data is released on a monthly basis.
What it Measures
Change in the number of new residential construction projects initiated.
Usual Effect
'Actual' figures exceeding 'Forecast' is favorable for the currency.
Source & Frequency
Australian Bureau of Statistics (latest release) - https://www.abs.gov.au/ • Published quarterly, approximately 75 days following the end of the quarter.
How Data is Derived
N/A
Also Known As
Dwelling Commencements
Acronym
N/A