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Positive Start to 2014 for Australian New Home Sales
The first month of 2014 was a positive one for new homes sales with an increase of 0.5 per cent recorded in January, said the Housing Industry Association, the voice of Australia’s residential building industry. “Following their small decline in December, New Home Sales resumed their growth trajectory during January,” said HIA Senior Economist, Shane Garrett. “The volume of new home sales rose by 0.5 per cent during the month. In January, sales of new detached houses rose by 0.3 per cent, with multi-unit sales increasing by 1.6 per cent,” added Shane Garrett. “New home sales have been rising pretty ... (full story)