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Australia new home sales highest in at least 5 years -HIA
May 29 Sales of new homes in Australia rose for a fourth straight month in April to reach their highest since at least 2010 as falling mortgage rates and the lure of rising house values drove demand. The Housing Industry Association (HIA) said its survey of large volume builders showed sales of new homes rose 0.6 percent in April, from March when they jumped 4.4 percent. Sales of multi-units rose 0.9 percent in the month, while sales of detached homes were up 0.4 percent. "The profile for new home sales in 2015 is consistent with a new home building cycle where further upward momentum resides largely in the ... (full story)
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