Pure bubble: Households intend to buy houses and nothing else

Via CBA’s dubious household spending interntions series:

Home Buying Spending Intentions

  • The sharp uptrend in home buying intentions continues
  • Home buying intentions rose further in October and are now close to the record highs seen in H1 2017
  • Current HSI readings are consistent with an ongoing pick up in dwelling prices

Retail Spending Intentions

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