Australia building approvals responses coming in - fears ... misplaced

I posted earlier on the building approvals data from Australia, data and responses:

• Australia - Building Approvals (November): +11.7% m/m (vs. expected -1.3%
• Australia building approvals responses coming in - risk of sharp correction lower

In brief remarks now via ANZ:

• Leading indicators (eg. finance for the construction or purchase of new housing) continue to point toward further increases in approvals
• Seems pretty clear that any fears of weaker dwelling construction in 2018 are misplaced