The Housing Industry Association (HIA) has released its March new home sales report, which recorded another 0.1% decline. However, sales volumes have roughly flatlined over the past three months, which has the HIA declaring the worst is over:
“After falling by 8.5 per cent in 2018 new home sales appear to have stabilised in the first quarter of 2019,” stated Geordan Murray, HIA Senior Economist.
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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.
