--- title: "24740 – Supply Pipeline Conditions" url: https://australianproperty.network/apn-codex/series-20000/series-24000/series-24700/series-24740/ date: 2026-08-18 modified: 2026-10-07 lang: en author: "Nicklas Clark" description: "APN Codex Node 2474024700 Series — Investment ConditionsCertified Supply Pipeline Conditions Signed Reading 60.7 Which way conditions lean, once each component is signed for or against investment. Intensity Reading 98.4..." word_count: 1137 --- # 24740 – Supply Pipeline Conditions APN Codex Node 2474024700 Series — Investment ConditionsCertified ### Supply Pipeline Conditions Signed Reading 60.7 Which way conditions lean, once each component is signed for or against investment. Intensity Reading 98.4 How far conditions sit from their own historical centre, without regard to direction. Both ranked against 62 quarters · as of the quarter ending 30 June 2026 (most recent full-coverage quarter) 1What It Measures 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. 2Composite Construction | 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. [Node 24741Approvals Flow89.5Intensity 89.5 · 172 quarters · Jun 2026 qtrHow many new dwellings receive planning approval each quarter: the first observable stage of the pipeline.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24700/series-24740/series-24741/) [Node 24742Commencements89.1Intensity 89.1 · 184 quarters · Jun 2026 qtrHow many dwellings actually begin construction: the point at which an approval becomes building work.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24700/series-24740/series-24742/) [Node 24743Work In Progress100.0Intensity 100.0 · 168 quarters · Jun 2026 qtrThe stock of dwellings under construction at a point in time: started but not yet finished.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24700/series-24740/series-24743/) [Node 24744Pipeline Congestion0.0Intensity 100.0 · 62 quarters · Jun 2026 qtrCommitted work awaiting delivery, and the gap between approval and start. Signed, it reads the lowest of its own recorded range.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24700/series-24740/series-24744/) 3Current Reading in Context Components · Signed And Intensity Position Of Own History The Four Components, Each Against Its Own Recorded History Each axis runs from 0 to 100 and shows one component's own position, measured against that component's own history — not against the others. The gold shape is the signed reading, which counts each component for or against investment; the grey dashed outline is the intensity reading, how far each component sits from its own historical centre without regard to direction. Where a component enters the index negated, its two readings mirror each other about the midpoint. The order of the axes is presentational, and the area enclosed by the shapes carries no meaning. 4Reading History Position · June 2026Signed reading- 50010060.7← AgainstFor investment →Intensity reading50010098.4← NearFar from centre →Both ranked against 62 quartersShaded band: the normal range, 10 to 90Supply Pipeline Conditions (24740) · Reading HistoryNode Z-Score by Quarter, March 2011 to June 2026+1.0912σ · position 98.4, ranked against 62 quarters**Reading, ranked quarters**Normal range (middle 80% of ranked quarters)**Current readingThe 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 | Components over timeEach component is shown at its own latest certified quarter, on one shared scale (−4σ to +4σ) so they can be compared directly. Approvals Flow (24741)+0.6369σ · June 2026 · intensity 89.5 of 172Commencements (24742)+0.5146σ · June 2026 · intensity 89.1 of 184Work In Progress (24743)+1.3775σ · June 2026 · intensity 100.0 of 168Pipeline Congestion (24744)+1.8356σ · June 2026 · intensity 100.0 of 62**Ranked quarters**Not ranked**Normal range (middle 80% of ranked quarters; model range where indicative)**Current readingShow 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 | 5Reading the Pattern 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. 6Methodology & Disclosed Caveats **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. 7Other Components The other five components of the APN Investment Conditions Index™ (24700). Each is independently certified and enters that index at equal weight. [Node 24710 →Financing & Volatility ConditionsReads the cost and availability of capital together with the stability of the rate, inflation and exchange-rate environment in which it is priced.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24700/series-24710/) [Node 24720 →Policy & Regulatory ConditionsReads the intensity of regulatory enforcement alongside the prudential settings that govern how lending is assessed.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24700/series-24720/) [Node 24730 →Demographic Demand ConditionsReads the pace of population growth and migration underpinning underlying housing demand.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24700/series-24730/) [Node 24750 →Sentiment & Behavioural ConditionsReads surveyed confidence alongside the observed behaviour of investors and households.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24700/series-24750/) [Node 24760 →Price & Affordability ConditionsReads dwelling prices, rents and the value of the dwelling stock against the capacity to pay for them.](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24700/series-24760/) [Parent index →24700 — APN Investment Conditions Index™](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24700/) 8Certification APN Codex Node 24740 — Certified - 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 9Methodology [Methodology & RatificationConstruction, sources, weighting, build history and the full disclosed-limitations register for the APN Investment Conditions Index™](https://australianproperty.network/apn-codex/series-20000/series-24000/series-24700/methodology/)