New home sales posted their fourth consecutive rise – with seasonally-adjusted sales increasing by 4.2% in January.
The latest Housing Industry Association New Homes Sales report shows positive trends in new home sales with momentum carrying into this year.
After weakness in the new home market last year, HIA chief economist Harley Dale says “It is a promising update to see the momentum of late 2012 carrying into the new year.”
January saw increases in detached house sales in Victoria, with 9.1% increase, 10.6% in South Australia and 7.4% in Western Australia.
