Housing Industry Association (HIA) New Home Sales for September, flat at 0.0% m/m
- prior was +3.3%
- 11.0% rise in multi-unit sales offset by a 2.3% fall in detached house sales
- Sales of multi-units (apartments and semi-detached/townhouses) reached a new cyclical peak in September with 11.0% rise in September and 8.7% q/q rise in September quarter
HIA chief economist Harley Dale:
- “The overall profile for new home sales is consistent with a healthy year for dwelling construction in 2014/15″
