From the Housing Industry Association (HIA)

This data slow to come out. Ah well, good things come to those who wat ... errr, no scratch that ...

Down 1.1% m/m for new built house sales

  • prior month was +0.2%

From HIA on the report ... yes, it's a slowdown, but a gentle one (so far at least):

  • residential building activity peaked at a record level in 2016
  • activity in the multi-unit market ... sales have been sustained at a relatively high level though to March this year
  • detached house sales are indicating only a slight downward trend