Australian private sector houses remain weak in January

From abs.gov.au

ABS Building Approvals show that the number of dwellings approved fell 2.4 per cent in January 2013, in seasonally adjusted terms, and has fallen for two months. Dwelling approvals decreased in January in Queensland (-5.8 per cent), South Australia (-3.2 per cent), Victoria (-2.6 per cent) and New South Wales (-1.3 per cent) but increased in Tasmania (13.9 per cent) and Western Australia (3.1 per cent) in seasonally adjusted terms. In seasonally adjusted terms, approvals for private sector houses rose 3.2 per cent in January. Approvals rose in Western Australia (7.4 per cent), Queensland (4.2 per cent) and Victoria ... (full story)