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1.Market Observations, 8.Was Sticky

30 Nov 2016 (AFR) – New home sales fall to two-year low as houses, apartments drop, HIA figures show

(30 November 2016, AFR, p29, by Michael Bleby)

‘New home sales dropped to a two-year low in October as purchases of both stand alone houses and units tumbled, Housing Industry Association figures show. Total sales fell 8.5 per cent from September to 7094, according to the HIA’s latest New Home Sales report, based on a survey of the country’s largest home builders.’

Read more (and see the chart of new home sales month on month) at AFR.com (might need AFR login access, or try: AFR.com/trial)

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