Australian New-Home Sales Fall to Lowest Level on Record
By Brendan Murray -
2012-02-29T02:24:04Z
Australian new-home sales dropped in January to the lowest level on record, the Housing Industry Association said in a report today.
Total sales declined 7.3 percent to 5,831 from a month earlier, the Canberra-based industry group said in a statement. Detached house sales slumped by 7.4 percent and apartments sales also weakened, it said.
To contact the reporter on this story: Brendan Murray in Sydney at brmurray@bloomberg.net
To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net
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