HomeBuilder continues to power new home sales

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From the Housing Industry Association:

“The detached housing market continues to perform strongly and as it accelerates will pull the rest of the Australian economy forward into 2021,” stated HIA’s Chief Economist, Tim Reardon.

“New Home Sales fell marginally by 1.3 per cent in the month of October to remain 31.6 per cent higher for the three months to October compared with the same time last year.

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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.