HIA Australia New Home Sales m/m

HIA New Home Sales m/m reflect a percentage change in sales of new residential spaces in the reported month compared to the previous month. The indicator is calculated based on data collected from a survey of the 100 largest developers in Australia, which account for 33% of all new residential premises. The obtained values are then extrapolated to the entire market and are seasonally adjusted. A higher than expected reading can have a positive effect on the Australian dollar quotes.