Weak sales fig­ures

Townsville Bulletin - - Investor -

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.

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