Australian New Home Sales Rebound 0.8% in April – HIA

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Friday, Jun 02 2017

Australian New Home Sales Rebound 0.8% in April – HIA

Australian new home sales rebounded in April after declining in two of the last three months, an industry survey showed Friday. The Housing Industry Association (HIA) reported that its monthly survey of large-volume builders showed new home sales rose 0.8% in April, following a decline of 1.1% in March.

Sales of new residential homes has been choppy over the past 12 months, offering further proof that the height of the construction boom had faded. However, house prices have continued to rise at an alarming rate, which has led to stern warnings from the Reserve Bank of Australia (RBA) about financial stability risks.

More in this category: « US Manufacturing PMI little changed in May Spain: The registered unemployment falls by 111,908 people »

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