NEW HOME LENDING UP New home lending edged higher for the last month on record, according to ABS Housing Finance figures. The statistics show the number of loans for the construction and purchase of new owner-occupied homes increased by 0.6 percent to a level that is 18 percent higher than the same period last year. "These figures show new home lending to owner occupiers is continuing to consolidate the stronger gains made earlier on in the year. The current pace of improvement, however, is still quite modest," said HIA Economist, Diwa Hopkins. "In terms of lending to investors, the value of lending was up by 1.5 percent. Much of this improvement was driven by lending for new homes, which increased by 17.2 percent," added Diwa Hopkins.
Posted on: Tue, 16 Jul 2013 07:23:44 +0000
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