- Analytics
- News and Tools
- Market News
- HIA new home sales in Australia drop 4.7% in April
HIA new home sales in Australia drop 4.7% in April
The Housing Industry Association (HIA) released its new home sales data for Australia on Monday. New home sales fell 4.7% in April, after a 8.9% rise in March. January's figure was revised down from a 3.1% increase.
"The trend in new home sales reiterates that the peak for the cycle has passed, but the descent we're now observing is very mild. This signals the potential for very healthy home construction activity throughout 2016, much as we have been anticipating," the HIA's economist Diwa Hopkins said.
Sales of detached homes decreased 3.0% in April, while sales for multi-units slid 10.8%.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
