New home finance strengthened in September

Monday, 10 November 2014

Today’s housing finance data for September confirmed that buyer demand for newly constructed dwellings remains relatively strong (see next chart).

The number of finance commitments for new dwellings (i.e. construction plus new) jumped by a seasonally adjusted 2.1% in September to be up 10.9% over the year and tracking some 20% above the 5-year moving average level.

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.