Australian Homebuilding Approvals Drop in March

By Mike Cherney Features Dow Jones Newswires

Australia's residential building approvals fell by 13.4% in March from the previous month, in the latest sign that a homebuilding boom is losing steam.

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Residential building approvals in March declined by 19.9% on year, while private-sector housing approvals fell by 4.3%, the Australian Bureau of Statistics said on Monday.

-Write to Mike Cherney at mike.cherney@wsj.com

(END) Dow Jones Newswires

May 07, 2017 21:50 ET (01:50 GMT)