New home finance continues fall

Thursday, 17 January 2019

Today’s housing finance data for November posted a 0.4% fall in the number of new home finance commitments (both construction and new), with commitments down by 12.3% over the year:

The annual number of new home commitments is also falling fast:

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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.