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Latest Housing Industry Association News

HomeBuilder grants driving rebound in new home sales

New home sales data is beginning to show the impact of the federal government’s HomeBuilder initiative, but a strong rebound in June has not fully offset the transaction slowdown of the previous three months.

Carpenter working on a house roof frame
Early data shows the federal government's HomeBuilder initiative is saving jobs in the construction sector. Photo: Shutterstock

New home sales data is beginning to show the impact of the federal government’s HomeBuilder initiative, but a strong rebound in June has not fully offset the transaction slowdown of the previous three months.

Housing Industry Association data showed new home sales rose by 77.6 per cent in June, bounding back from a record-low result in May, at a time when COVID-19 related lockdowns had all but ground the industry to a halt.

HIA economist Tim Re…