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The number of new dwelling units approved for construction in Australia increased in November.
The Australian Bureau of Statistics reported Wednesday that dwelling unit approvals rose a seasonally adjusted 5.9 percent in November.
The Bureau's Trend Estimate, which further smooths the seasonally adjusted data, rose 2.7 percent on month, the 10th straight month of increases.
Approvals for private sector dwellings jumped a seasonally adjusted 27.5 percent, following a decline seen in September.
In terms of value, total building approvals increased a seasonally adjusted 24.6 percent in November. The value of new residential construction increased 2.2 percent, while the value of non-residential building was up 52.8 percent, the Statistics Bureau reported.
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