Total seasonally adjusted new home sales inched up by 0.5 per cent in June 2015 after registering their first decline in five months in May.
Looking through the monthly machinations of the new home sales results over the first half of 2015, an almost imperceptible downward trend has emerged.
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
