Housing approvals fall for fifth month

Tasmania's housing industry continues to contract, according to official figures released this morning.

According to the Australian Bureau of Statistics, home loan approvals fell by 0.4 per cent in trend terms in May in Tasmania - the fifth straight fall in 2014.

Nationally, approvals increased by 0.1 per cent in trend terms, while the value of housing finance was up 0.2 per cent.

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