The latest result for the HIA New Home Sales Report, a survey of Australia’s largest volume builders, represents a new high for the cycle. ““The headlines for the national new housing sector continue to dazzle in early 2015,” said HIA Chief Economist, Dr Harley Dale. “Total seasonally adjusted new home sales increased by 1.1 per cent in February following a gain of 1.8 per cent in January, and the volume of sales is now just above the previous peak of April 2014.” “The February new home sales result reflected a jump of 11.1 per cent in ‘multi-unit’ sales, while detached house sales fell by 1.3 per cent,” noted Harley ... (full story)