Weak sales figures
THE number of new homes sold across Australia remained little changed in February and may suggest a weak year to come, a survey shows.
The latest Housing Industry Association ( HIA)-JELDWEN New Home Sales Report shows the number of new homes sold increased 0.6 per cent in February, after a 2.5 per cent January gain.
The survey also found sales of homes in multi-dwelling developments were down 7.6 per cent, while detached house sales rose 1.5 per cent.
HIA chief economist Harley Dale said the positive January figures had failed to extend to February.
‘‘ At the very time when new home conditions need to be improving we are faced with compelling evidence of a considerably weaker 2011,’’ Dr Dale said.