Strong 2012 finish for construction sector
Strong 2012 finish for construction sector
Posted on Thursday, January 31 2013 at 4:36 PM
An increase in new home sales in December signals a healthier outlook for the year ahead, according to Housing Industry Association (HIA).
The body’s New Home Sales Report released today
shows seasonally adjusted new dwelling sales grew by 6.2 per cent last month.
According to HIA economist Geordan Murray, the
result indicates strength across a number of property types.
“The promising headline rise last December was
driven by both detached houses and multi-unit sales,” Murray says.
The result for detached house sales was
particularly good news as this was one of the underperforming sectors across
last year, he says.
“The December improvement was broad-based as
sales increased in all but one of the surveyed states.”
While the month’s results were promising, there
were some sectors needing improvement.
“Detached house sales were weak throughout the
year compared to 2011, but on the other hand multi-unit sales were the star
performer of the year,” he says.
The group is hopeful of improved results in
2013 on the back of this lift.
“It’s hoped further signs of an impending new
home building recovery emerge in the coming months.”
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Strong 2012 finish for construction sector
Strong 2012 finish for construction sector
Posted on Thursday, January 31 2013 at 4:36 PM
An increase in new home sales in December signals a healthier outlook for the year ahead, according to Housing Industry Association (HIA).
The body’s New Home Sales Report released today
shows seasonally adjusted new dwelling sales grew by 6.2 per cent last month.
According to HIA economist Geordan Murray, the
result indicates strength across a number of property types.
“The promising headline rise last December was
driven by both detached houses and multi-unit sales,” Murray says.
The result for detached house sales was
particularly good news as this was one of the underperforming sectors across
last year, he says.
“The December improvement was broad-based as
sales increased in all but one of the surveyed states.”
While the month’s results were promising, there
were some sectors needing improvement.
“Detached house sales were weak throughout the
year compared to 2011, but on the other hand multi-unit sales were the star
performer of the year,” he says.
The group is hopeful of improved results in
2013 on the back of this lift.
“It’s hoped further signs of an impending new
home building recovery emerge in the coming months.”
Follow us on Twitter.
Was this article helpful? Place a link to it from your website, or share it using the button below.
Recent articles:
Strong 2012 finish for construction sector
House prices on the rise
Nature’s fury slows market recovery
Coober Pedy strikes black gold
Door open for February interest rate cut
Property a priority in 2013 as confidence lifts
Leave a comment
Comments
Article source: http://feedproxy.google.com/~r/API_Property_News/~3/pKwTjZQ3ZQs/strong-2012-finish-for-construction-sector