New Home Sales fall back to earth

Thursday, 13 May 2021

New home sales are falling back to earth after the expiry of the HomeBuilder subsidies, according to the HIA:

“New Home Sales fell in April 2021 to be 54.4 per cent lower than March as HomeBuilder came to an end,” stated HIA’s Economist, Angela Lillicrap…

“This sales result for April 2021 is an encouragingly strong result. It suggests that there is a significant volume of new homes to be built for customers not eligible for HomeBuilder,” added Ms Lillicrap.

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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.