Free Trial

REPEAT:Australia Jly New Home Sales -3.7% M/M; 2nd Fall In Row

Repeats Story Initially Transmitted at 02:07 GMT Aug 29/22:07 EST Aug 28
     SYDNEY (MNI) - From new home sales data for July published by Housing
Industry Association Tuesday:
                   July % m/m  July % y/y
-----------------------------------------
New home sales           -3.7        -6.9
--Detached sales         -0.4        -5.8
--Multiunit sales       -15.7       -10.7
     TAKEAWAY: New home sales fell in July for the second straight month,
leading to a 4.6% y/y decline in the first seven months of this year. The fall
represents a continuation of the trend since the peak in mid-2015. Multi-unit
sales fell to their lowest level since October 2014 and detached house sales
were at their lowest level since July 2013. 
--MNI Sydney Bureau; tel: +61 2-9716-5467; email: sophia.rodrigues@marketnews.com
[TOPICS: MTABLE]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });