Track AU HIA New Home Sales m/m to gauge economic health via housing market activity.
This indicator is a vital sign of economic vitality, as the sale of a new home initiates a chain reaction across various sectors. For instance, it leads to purchases of furniture and appliances for the new home, the issuing of a mortgage by the lending bank, and compensation for brokers facilitating the sale. Note that the source stopped publicly reporting this data in January 2020.
What it Measures
Change in the quantity of newly built homes sold.
Usual Effect
'Actual' figures exceeding 'Forecast' are beneficial for the currency.
Source & Frequency
Housing Industry Association (latest release) - https://hia.com.au/ • Data is released monthly, approximately 30 days after the end of the month.
How Data is Derived
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Also Known As
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Acronym
Housing Industry Association (HIA)