Home sales jump sign of housing recovery: HIA

Sales of new homes rose significantly in Western Australia over February, a further sign pointing to a recovery in the sector, the Housing Industry Association says.

WA posted an increase of 12.8 per cent in new detached home sales in February, according to the HIA-JELD-WEN new home sales report, released today.
NSW experienced a rise of 5.3 per cent, Queensland a lift of 3.5 per cent while South Australia was up just 0.3 per cent.

However, Victoria's detached home sales fell 7.4 per cent.


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