Building approvals figures have bounced back from June's disappointing fall and are expected to stay strong for the remainder of the year.

Approvals for the construction of new homes rose 4.2 per cent in July, after falling 5.2 per cent in June, driven by a 13.3 per cent drop in the volatile multi-unit dwellings. Private sector house approvals fell 3.0 per cent, while the ‘other dwellings’ category, which includes apartment blocks and…