Word from the ABS this morning sees trend housing finance commitments up again in the Territory for the fifth month in a row.The numbers have grown just over 6% since August with a 1.6% rise on December 2011 figures. That compares to a 0.76% rise nationally and is good news for the Territory’s economy.
According to the ABS, “Smoothing seasonally adjusted series reduces the impact of the irregular component of the seasonally adjusted series and creates trend estimates.” Further info is available on seasonal adjustments and trends here.
If the current trend continues, we will continue to see solid growth in the housing sector through 2012.
