From the HIA:
The monthly HIA survey of Australia’s largest volume builders reveals that total seasonally-adjusted new home sales increased for a second consecutive month in September 2016. Throughout 2016, new home sales numbers have been a little volatile on a month by month basis. After July provided the weakest monthly sales count in two years, improving sales over the subsequent two months has provided September with the third strongest monthly sales count in the last year.
In seasonally adjusted terms, the number of detached house sales increased by 3.8 per cent in September 2016, building upon the 2.9 per cent improvement recorded in August. After big swings in ‘multi-unit’ sales in the last two months (a fall of 17.3 per cent in July before recovering by 17.8 per cent in August) there was little change in September, with sales in this category easing by 0.8 per cent in the month.
