Hous­ing data due next week

Townsville Bulletin - - Investor -

ECO­NOMIC data re­leases will be thin on the ground in the com­ing week, but still war­rant a close look. The data will mostly cover those parts of the econ­omy not be­ing driven hard by the min­ing boom, al­though the week will end with a re­minder of the boom’s once-in-a-life­time mag­ni­tude. First will be the Hous­ing In­dus­try As­so­ci­a­tion’s es­ti­mate of Fe­bru­ary’s sales of new homes by big build­ing firms. The lat­est fig­ures have shown the num­ber of sales edg­ing up since a low in Septem­ber, but still 8 per cent be­low the av­er­age of the past five years and more than 30 per cent lower than the av­er­age for the five years be­fore that.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.