lundi 30 mars 2015
HIA New Home Sales Hit Cyclical High
Posted on 19:07 by nice news
The latest result for the HIA New Home Sales Report, a survey of Australia’s largest volume builders,
represents a new high for the cycle.
““The headlines for the national new housing sector continue to dazzle in early 2015,” said HIA Chief
Economist, Dr Harley Dale. “Total seasonally adjusted new home sales increased by 1.1 per cent in
February following a gain of 1.8 per cent in January, and the volume of sales is now just above the
previous peak of April 2014.”
“The February new home sales result reflected a jump of 11.1 per cent in ‘multi-unit’ sales, while
detached house sales fell by 1.3 per cent,” noted Harley Dale.
“The signal from both HIA new home sales and ABS building approvals is for further upward momentum
to multi-unit dwelling construction in 2015, but a consolidation in detached house building at volumes
above the long term average.”
“New home building conditions vary greatly around the country once you dig below the national surface,
as is the case with residential property prices,” said Harley Dale. “Detached house sales are easing in
New South Wales and Western Australia, previously key drivers of growth, and have fallen significantly
in South Australia. The modest growth in new house sales in Queensland and Victoria is not enough to
offset these declines.”
In February 2015 detached house sales increased by 1.5 per cent in Victoria and by 0.2 per cent in
Queensland. Detached
represents a new high for the cycle.
““The headlines for the national new housing sector continue to dazzle in early 2015,” said HIA Chief
Economist, Dr Harley Dale. “Total seasonally adjusted new home sales increased by 1.1 per cent in
February following a gain of 1.8 per cent in January, and the volume of sales is now just above the
previous peak of April 2014.”
“The February new home sales result reflected a jump of 11.1 per cent in ‘multi-unit’ sales, while
detached house sales fell by 1.3 per cent,” noted Harley Dale.
“The signal from both HIA new home sales and ABS building approvals is for further upward momentum
to multi-unit dwelling construction in 2015, but a consolidation in detached house building at volumes
above the long term average.”
“New home building conditions vary greatly around the country once you dig below the national surface,
as is the case with residential property prices,” said Harley Dale. “Detached house sales are easing in
New South Wales and Western Australia, previously key drivers of growth, and have fallen significantly
in South Australia. The modest growth in new house sales in Queensland and Victoria is not enough to
offset these declines.”
In February 2015 detached house sales increased by 1.5 per cent in Victoria and by 0.2 per cent in
Queensland. Detached
HIA New Home Sales Hit Cyclical High
Categories: HIA New Home Sales Hit Cyclical High
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