ABS building approvals remained at an elevated, albeit slightly lower level in December 2014, after reaching their highest ever monthly level during November, noted the Housing Industry Association, the voice of Australia’s residential building industry.

Figures released today show that the total number of new homes approved in December 2014 was 3.3 per cent below the record reached in November, although this level was still 8.8 per cent higher than in December 2013. “The ‘multi-unit’ sector continues to be the key driver of building approval…