New home finance continues to fall

Friday 7 September 2018

Today’s housing finance data for July posted a 0.3% fall in the number of new home finance commitments (both construction and new), with commitments down by 10.3% over the year:

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

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.