- 7.5% increase in total seasonally adjusted new home sales
- 30.5% jump in multi-units
- +3.6 in detached house sales
- “New home sales posted healthy growth in November 2013 said the Housing Industry Association, the voice of Australia’s residential building industry.”
- fastest monthly growth rate since January 2010
- two and a half year high
“ Both new home sales and private sector building approvals increased strongly over the three months to November last year, with detached housing growing by around 4 per cent according to both leading indicators, for example,” remarked Harley Dale . “We need to see upward momentum in these leading indicators continue throughout 2014. For new home sales t he first ‘milestone’ to look out for will be sales once again reaching the volumes experienced in the first half of 2011 . ”
HIA new home sales