Australian Bureau of Statistics data shows building approvals soared in the month of June, largely due a spike in apartments. Camera Icon Housing approvals jumped in June. NewsWire / Flavio Brancaleone Credit: News Corp AustraliaAMP economist My Bui said building approvals had caught up with population growth. NewsWire / Max Mason-Hubers Credit: News Corp AustraliaMs Bui said the boost in housing approvals wasn’t enough to make up for previous years’ shortcomings. Housing Industry Association chief economist Tim Reardon said there was a long lag between changes in market conditions and building approvals.