Sales of new homes on the up after strong showing in
NEW home sales increased in both the month and quarter of September 2013, said the Housing Industry Association, the voice of Australia’s residential building industry.
‘‘Total new home sales reached their highest level in over two years in September 2013,’’ said HIA chief economist Dr Harley Dale. ‘‘Given the recovery in sales is occurring from a record low and that the upward momentum appeared to be stalling in mid-2013, this September outcome is very positive.’’
The HIA New Home Sales report, a survey of Australia’s largest volume builders, showed that total seasonally adjusted new home sales