Australian Home Loans unexpectedly rose in November

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Friday, Jan 15 2016

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.1%. Owner occupied housing commitments rose 1.7% while investment housing commitments fell 2.9%. In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 1.8%. Analysts were predicting 0.4% decrease.

In trend terms, the number of commitments for owner occupied housing finance rose 0.8% in November 2015. The number of commitments for the construction of dwellings rose 1.1%, the number of commitments for the purchase of established dwellings rose 0.8% and the number of commitments for the purchase of new dwellings rose 0.4%. In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments fell to 14.9% in November 2015 from 15.0% in October 2015.

Aussie is currently being traded around 0.6950 area. Pair is likely to find support around 0.69 handle and resistance above 0.70 level. Later today, in the US session, PPI, Retail Sales, Industrial Production and Consumer Sentiment figures are scheduled for a release.

More in this category: « Unemployment Claims increased to 284,000 UK Construction Output fell by 0.5% »

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