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Australia's Largest Volume Builders At 4-Year Sales High

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The latest result for the HIA New Home Sales Report, a survey of Australia’s largest volume builders, shows strong growth in March 2015, taking sales volumes to their highest level since early 2010.

HIA Economist Diwa Hopkins said, “The residential construction sector continues to be the main bright spot in the broader domestic economy, with updates to the sector showing its ongoing strength."“Following Monday’s positive update to ABS residential building approvals, today’s results show total seasonally adjusted new home sales increased by 4.4 per cent in the month of March.”

[urbanRelatedPost][/urbanRelatedPost]“The March result for total new home sales consists of an 11.3 per cent rise in multi-unit sales and a 2.6 per cent rise in detached house sales.”

“The monthly rise in both the detached and multi-unit segments of the market is an encouraging result. However, the broader trend is that growth over the past year has been driven by multi-unit sales, while detached house sales have tracked sideways.”

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Article originally posted at: https://theurbandeveloper.com/articles/australias-largest-volume-builders-4-year-sales-high