Building approvals bounced in June, led by a spike in approvals for apartment blocks, but economists say housing construction continues to gradually decline.

Approvals for new homes jumped 10.9 per cent in June, the Australian Bureau of Statistics said, well above the one per cent increase the market had expected. Approvals for ‘other dwellings’, which includes apartment blocks and townhouses, surged 20 per cent, and approvals for private sector houses rose 3.4 per…