Pete Wargent blogspot

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

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Thursday, 4 May 2017

New home sales ease

New home sales move down a notch

New homes sales eased 1.1 per cent in March according to the Housing Industry Association (HIA).

Source: HIA

The decline was driven by detached house sales which declined by 1.4 per cent.

Detached houses sales declined in all states and territories except for New South Wales, which rebounded from a weak February. 

Multi-unit sales declined by just 0.1 per cent in the month.

There are more substantial declines to come from these cyclical highs.