Today’s housing finance data for August posted a much needed rebound in new home finance commitments, with the number of commitments for both construction and new dwellings rising by 2.5% over the month to be down 4.3% over the year (see below charts).
Looking at at the state-by-state breakdown, which is presented below on a rolling annual basis since it is not seasonally adjusted, shows that the uptrend in new home finance commitments has given away across all major jurisdictions, except New South Wales where it is still rising slowly (see next chart).
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