New home sales fall again

Tuesday, 27 March 2018

From the HIA comes its New Home Sales report for February, which revealed a second consecutive monthly fall with sales tracking well below 2015 and 2016 levels:

Commenting on the results, HIA Senior Economist Shane Garrett noted that residential construction is moving lower:

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About the author

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.