Home' Sunraysia Daily : property28012017 Contents Pr pertyGuide 25
Saturday, January 28, 2017
The HIA New Homes Sales Report
a survey of Australia’s largest
home builders – shows a strong
bounce in November 2016, said
the Housing Industry Association,
the voice of Australia’s residential
“Following a dip to a two year low last October, the
November bounce in new home sales is a reminder
that the national new home construction sector
remains in strong shape,” said HIA Chief Economist,
Dr Harley Dale. “The sector may have just passed
its peak, but the short term outlook is a healthy one,
a conclusion supported by other leading indicators
such as the ABS measures of Building Approvals and
The November update for the HIA’s monthly New
Home Sales survey shows a 6.1 per cent bounce in
seasonally-adjusted new home sales. Over the three
months to November 2016 the total number of new
home sales fell by 0.7 per cent to be down by only
0.2 per cent when compared to the same three month
period in 2015.
“At this stage of the new home building cycle that’s
a very impressive result – this is already the largest
and longest national new home construction cycle in
“A healthy outlook for new home construction in
the first half of 2017 is good news for the Australian
economy, because of the huge impact that new home
construction has on broader economic activity.
Without the boost from housing over the last five
years the domestic economy would have at some point
slipped into recession.”
“You wouldn’t want to be seeing signals of an
imminent and sharp slowdown in national new home
building activity, and we’re not. Looking further out,
the declines in construction activity will inevitably
become chunkier,” concluded Harley Dale.
In November 2016 new detached house sales
increased by 5.2 per cent, while sales of multi-units
were up by 9.3 per cent.
Seasonally-adjusted new detached house sales
increased in four out of five mainland states in
November 2016. New South Wales was the exception
with a decline of 5.9 per cent. In November last year
detached house sales increased by 17.9 per cent in
Queensland, 4.7 per cent in Victoria, 4.2 per cent in
Western Australia, and 4.0 per cent in South Australia.
HIA new home sales bounce back
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156 Darling Street, Wentworth
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