Housing Finance: move along there's nothing to see here

Today the ABS released the February 2012 print of its Housing Finance series.

But let's just look at the construction of dwellings and the purchase of new dwellings, as they give an indication of labour market conditions.

Pretty flat over all. Which is my back-of-the-envelope tip for tomorrow's employment growth result (in the range from zero to 5000 new seasonally adjusted jobs).