New Home Sales Report shows a 9.5 % rise

A leading private report shows sales of newly built homes surged in January, as investors and upgraders returned to the market.

The Housing Industry Association’s New Home Sales Report shows a 9.5 percent rise in the number of new homes being sold, compared to the previous month. That is the strongest result since September.

Sales of free-standing houses climbed more than 10 per cent, while unit sales climbed 4.1 per cent after a 14.5 per cent jump in December.

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