Housing approval growth has continued into the new year, though Australia's longest housing construction boom appears to be moderating.

Approvals for the construction of new homes rose 1.8 per cent in January to 17,412 dwellings, beating market expectations of a 0.3 per cent fall. However, housing approvals over the 12 months to January were down 12 per cent, according to data from the Australian Bureau of Statistics, likely providing…