The latest update for the HIA New Home Sales Report – a survey of Australia’s largest volume builders, provides a weak update from this leading housing indicator at the start of 2016/17, said the Housing Industry Association, the voice of Australia’s residential building industry.
“The short term outlook for healthy levels of new home construction remains intact – calendar year 2016 will be a record year for new dwelling commencements, but the situation could look very different from next year,” commented HIA Chief Economist, Dr Harley Dale.
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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.
