New home finance continues to retrace

Wednesday 8 August 2018

Today’s housing finance data for June posted zero growth in the number of new home finance commitments (both construction and new), although commitments were down by 8.1% over the year and by 11.4% since the July 2017 peak:

Nevertheless, the annual number of new home commitments is still running near the highest levels since the mid-1990s, but clearly retracing:

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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.