(RTTNews) – The total value of dwelling finance commitments for owner occupied housing in Australia decreased a seasonally adjusted 0.3% in May from April to A$13.7 billion, the Australian Bureau of Statistics said on Monday. This follows a 0.6% increase in the previous month.

At the same time, the total value of dwelling finance commitments excluding alterations and additions increased 0.7% on a monthly basis to A$21.36 billion. Value of dwelling commitments for investment housing increased 2.6% to A$7.66 billion.

In trend terms, the total value of dwelling finance commitments excluding alterations and additions decreased 0.5%. Owner occupied housing commitments fell 1.4%, while investment housing commitments increased 1%.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2010 RTTNews.com, Inc. All Rights Reserved

Recent Articles By Economic News:

• European Stocks Set To Extend Recent Gains
• New Zealand’s M3 Money Supply Continues To Fall In July
• European Economics Preview: Eurozone Economic Sentiment Data Due
• Estonia Gross Monthly Wages Increase In Q2
• New Zealand Aug. Business Confidence Deteriorates Sharply: NBNZ
• More Financial Market News Releases »