HIA new home sales increased by 1.6% in May, after +3.9% in April

  • Monthly sales are now back to their highest level in 18 months
  • Detached house sales up 0.9%
  • Gains in New South Wales, Victoria, and South Australia, declines in the mining states of Queensland and Western Australia
  • Multi-unit sales grew faster at 5.7% on the month

The AUD is barely moving so far today, its up about 10 points since the release.