Building industry economists in Australia have welcomed another strong round of housing construction finance data, saying the figures provide further confirmation of increasing financing activity and demand for new housing and bode well for the outlook in residential construction.

Released by the Australian Bureau of Statistics on Wednesday, the latest figures show that on a seasonally adjusted basis, the combined number of loans for the purchase  or construction of new homes during February came in at 8,755 – down 1.0 percent on January’s peak but still the second highest…