Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Saturday, 3 October 2015

New home sales +3.5pc

New home sales rebounded by 3.5 per cent in August reported the Housing Industry Association (HIA). 

Despite this sales volumes remain below what appears to have been the cyclical peak.

The HIA forecasts that dwelling commencements will now ease back, although still remaining at relatively elecated levels for now.

The sale of multi-units is now down by 8.5 per cent from May, and apartment sales volumes declined to their lowest level since February.