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Approvals for housing finance in Australia declined in July by 2.0 percent compared to June, according to data released Wednesday by the Australian Bureau of Statistics.
The total value of housing finance approvals, excluding alterations and additions, decreased a seasonally adjusted 2.3 percent.
The bureau said decreases were recorded in both investment housing commitments, which were down 4.0 percent and owner-occupied housing approvals, which fell 1.7 percent.
Compared to July 2008, July 2009 dwelling construction commitments increased 2.6 percent overall and the number of commitments for new dwellings increased 0.6 percent.
In trend terms, which further smooth the seasonally adjusted figures, the number of commitments for owner occupied housing financed increased 0.5 percent.
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