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Australia - HIA New Home Sales for December: +6.0% m/m (prior -2.7%)

HIA New Home Sales

  • Detached home sales up 2.2%
  • Multi unit sales +2.1%

Chief economist at HIA, Harley Dale says "key leading indicators of new home building" consistent with very healthy national construction volumes persisting throughout the H1 of 2016

  • Notes very large differences in new housing conditions across the states
  • Leading indicators in coming months will be closely watched "to determine the magnitude of any risk that the second half of 2016 is materially weaker for new home building than the first half of the year"

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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