The Housing Industry Association’s monthly survey of Australia’s largest home builders indicates that new home sales dropped to a two-year low during the month of October.
“HIA New Home Sales fell by some 8.5 per cent during October 2016, the lowest volume of sales since July 2014,” remarked HIA Senior Economist, Shane Garrett.
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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.
