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Australia - HIA New Home Sales for April: -4.7% m/m (prior +8.9%)
Housing Industry of Australia new home sales data (for April 2016) • Detached house sales are -3% • Multi-unit sales -10.8% • HIA commenting that the trend in new home sales has peaked for this cycle • The falls are "very mild" • HIA economist Diwa Hopkins says the data signals potentially 'very healthy' home construction activity throughout 2016