Supply Pipeline Conditions
Supply Pipeline Conditions is one of six component branches of the APN Investment Conditions Index™ (24700). It reports the construction pipeline nationally through four components: Approvals Flow (24741), Commencements (24742), Work In Progress (24743) and Pipeline Congestion (24744).
This is a national time-series index, not a geographic one — only the current reading is shown; there is no locality distribution or map for this node.
| Component | Node | Weight |
|---|---|---|
| Approvals Flow | 24741 | 25% |
| Commencements | 24742 | 25% |
| Work In Progress | 24743 | 25% |
| Pipeline Congestion | 24744 | 25% |
Each component carries equal weight, and the composition renormalises across the components present in any given quarter. The value-of-work-yet-to-be-done input reaching Pipeline Congestion (24744) is deliberately the total-building measure, residential and non-residential combined, rather than the residential-only measure used in the 21500 series — a scoped choice for an investment-conditions reading, not an unresolved inconsistency.
Each component below carries its own certified reading, ranked against its own recorded history. The large figure is the signed position; the intensity position and ranking basis follow beneath it.
The June quarter 2026 reading, +1.0912σ, ranks 98.4 against 62 quarters and sits above the normal range of −1.0272σ to +0.8503σ. The highest ranked reading was +1.1979σ in the September quarter 2016, and the lowest −1.6197σ in the March quarter 2012. The position is the intensity reading.
Show the data
| Quarter | Reading | Basis |
|---|---|---|
| Q1 2011 | −1.3666σ | Ranked |
| Q2 2011 | −1.2296σ | Ranked |
| Q3 2011 | −1.0277σ | Ranked |
| Q4 2011 | −1.5066σ | Ranked |
| Q1 2012 | −1.6197σ | Ranked |
| Q2 2012 | −1.1694σ | Ranked |
| Q3 2012 | −1.0230σ | Ranked |
| Q4 2012 | −0.9370σ | Ranked |
| Q1 2013 | −1.3408σ | Ranked |
| Q2 2013 | −0.8284σ | Ranked |
| Q3 2013 | −0.3296σ | Ranked |
| Q4 2013 | −0.1444σ | Ranked |
| Q1 2014 | −0.5033σ | Ranked |
| Q2 2014 | −0.2628σ | Ranked |
| Q3 2014 | +0.0516σ | Ranked |
| Q4 2014 | +0.4319σ | Ranked |
| Q1 2015 | +0.3172σ | Ranked |
| Q2 2015 | +0.6325σ | Ranked |
| Q3 2015 | +0.7100σ | Ranked |
| Q4 2015 | +0.7094σ | Ranked |
| Q1 2016 | +0.4353σ | Ranked |
| Q2 2016 | +0.8851σ | Ranked |
| Q3 2016 | +1.1979σ | Ranked |
| Q4 2016 | +0.3091σ | Ranked |
| Q1 2017 | +0.1474σ | Ranked |
| Q2 2017 | +0.4319σ | Ranked |
| Q3 2017 | +0.8644σ | Ranked |
| Q4 2017 | +0.8764σ | Ranked |
| Q1 2018 | +0.5664σ | Ranked |
| Q2 2018 | +0.7057σ | Ranked |
| Q3 2018 | +0.4303σ | Ranked |
| Q4 2018 | −0.0350σ | Ranked |
| Q1 2019 | −0.2228σ | Ranked |
| Q2 2019 | −0.2773σ | Ranked |
| Q3 2019 | −0.3499σ | Ranked |
| Q4 2019 | −0.3120σ | Ranked |
| Q1 2020 | −0.4406σ | Ranked |
| Q2 2020 | −0.5237σ | Ranked |
| Q3 2020 | −0.1970σ | Ranked |
| Q4 2020 | +0.2317σ | Ranked |
| Q1 2021 | +0.6032σ | Ranked |
| Q2 2021 | +0.9890σ | Ranked |
| Q3 2021 | +0.8703σ | Ranked |
| Q4 2021 | +0.3843σ | Ranked |
| Q1 2022 | +0.1147σ | Ranked |
| Q2 2022 | +0.4185σ | Ranked |
| Q3 2022 | +0.5397σ | Ranked |
| Q4 2022 | +0.3630σ | Ranked |
| Q1 2023 | −0.3313σ | Ranked |
| Q2 2023 | +0.0073σ | Ranked |
| Q3 2023 | −0.0832σ | Ranked |
| Q4 2023 | −0.0407σ | Ranked |
| Q1 2024 | −0.3979σ | Ranked |
| Q2 2024 | −0.1265σ | Ranked |
| Q3 2024 | +0.1625σ | Ranked |
| Q4 2024 | +0.2905σ | Ranked |
| Q1 2025 | +0.1396σ | Ranked |
| Q2 2025 | +0.3828σ | Ranked |
| Q3 2025 | +0.7041σ | Ranked |
| Q4 2025 | +0.7228σ | Ranked |
| Q1 2026 | +0.6411σ | Ranked |
| Q2 2026 | +1.0912σ | Ranked |
Each component is shown at its own latest certified quarter, on one shared scale (−4σ to +4σ) so they can be compared directly.
Show the component readings
| Component | Quarter | Reading | Intensity | Basis |
|---|---|---|---|---|
| Approvals Flow (24741) | June 2026 | +0.6369σ | 89.5 | empirical, 172 quarters |
| Commencements (24742) | June 2026 | +0.5146σ | 89.1 | empirical, 184 quarters |
| Work In Progress (24743) | June 2026 | +1.3775σ | 100.0 | empirical, 168 quarters |
| Pipeline Congestion (24744) | June 2026 | +1.8356σ | 100.0 | empirical, 62 quarters |
Signed, the branch reads 60.7. Pipeline Congestion (24744) enters negated, a more congested pipeline being an adverse condition for investment, and on that frame it reads the lowest of its own recorded range, while the other three components, each above its own centre, outweigh it. On intensity the branch reads 98.4, ranked against the 62 quarters in which all four components are simultaneously present: only the September quarter 2016 sat further from the branch’s historical centre. On that frame Work In Progress (24743) and Pipeline Congestion each read the highest of their own recorded ranges, with Approvals Flow (24741) at 89.5 and Commencements (24742) at 89.1 — a pipeline that is full at every stage rather than elevated at one.
- Four equal-weighted components, drawn from the same two ABS collections (8731.0 approvals, 8752.0 building activity) — the components are correlated by construction, since they read successive stages of one pipeline, so this branch reports one source's view of that pipeline rather than triangulating independent sources.
- Cross-quarter blending at the parent level — this branch references its own most-recent full-coverage quarter; the other five branches are not all as-of the same calendar quarter, by design. See the APN Investment Conditions Index™ (24700) for the full disclosure.
The other five components of the APN Investment Conditions Index™ (24700). Each is independently certified and enters that index at equal weight.
- Certified as a component branch of the APN Investment Conditions Index™ (signed reading: 60.6557; intensity reading: 98.3607, recomputed 7 October 2026 on the June quarter 2026 building activity release)
- All four components independently certified and included at equal weight
- Correlated-input caveat disclosed above, not hidden in a footnote
