Pete Wargent blogspot

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

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Friday, 28 October 2016

New home sales rise for second month

New home sales grew by +2.7 per cent in September, following a +6.1 rebound in August.

Source: Housing Industry Association (HIA)

A pretty strong result, all things considered. 

However, the HIA believes that new home building activity is beyond its peak, and that dwelling starts will decline in 2016-17, particularly for multi-unit developments.