Housing Industry Association data for New Home Sales, up 9.1% m/m in August

  • prior -15.4% (revised from -3.7%)

Multi-unit sales +21.6% (prior 3 months were pretty much flat)

  • largest monthly increase since December 2015

Sales of detached houses +7.3%


Housing Industry Associations survey is of large-volume builders, the Association nots that survey captured 9% of Australia's new home building sector