{{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change location {{propApi.title}}
{{propApi.text}} {{region}} Change location{{propApi.title}}
{{propApi.successMessage}} {{region}} Change locationNew home sales fall in February
New home sales fall in February
Member and guest login
Enter your email and password to access secured content, members only resources and discount prices.
Did you become a member online? If not, you will need to activate your account to login.
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
Forgotten password
Need some help?
If you are having problems logging in, please call HIA helpdesk on 1300 650 620 during business hours.
If the email address you have entered is registered, you will receive an email with further instructions.
Become part of the HIA community
Enables quick and easy registration for future events or learning and grants access to expert advice and valuable resources.
Create a guest account
Enter your details below and create a login
Send me exclusive tips, early access to new launches, and special offers. I can change my mind at any time.
By clicking Get started now you agree to the terms and conditions and privacy policy.
The HIA New Home Sales report – a monthly survey of the largest volume home builders in the five largest states – is a leading indicator of future detached home construction.
“Despite this decline over the past two months, sales in the three months to February were up by 11.5 per cent on the previous quarter,” added Mr Devitt.
“The declines in the first two months of 2022 follow an exceptionally strong performance in the final months of 2021.
“It is likely that the Omicron outbreak and extended holidays have tempered sales in these months. It is also possible that sales are moderating since the post-Delta surge that emerged in the final months of 2021. However, monthly variation can be significant in New Home Sales and it is too soon to draw conclusions from two months of data.
“Sales in 12 months to the end of February were just 2.6 per cent lower than in the previous year.
“The volume of work under construction and approved but not yet commenced remains at record highs and will continue to keep builders busy across Australia, supporting strong levels of employment into 2023.
“Even as borders re-open and the functioning of supply chains improves, the salient constraint on builders this year will continue to be the availability of land, labour and materials.
“Shortages of shovel-ready land is especially likely to weigh on new home sales in the coming months as the pool of available land has been exhausted,” concluded Mr Devitt.
All of the big states saw declines in February, except Western Australia, which bounced back from its January low.
On a quarterly basis, sales in New South Wales increased in the three months to February 2022 to be 22.7 per cent higher than the previous quarter. This was followed by Victoria (+20.5 per cent), Queensland (+16.1 per cent), and South Australia (+8.8 per cent). Western Australia saw the only quarterly decline, down by 22.0 per cent.
For more information please contact:
Dealing with cost increases under your contract
HIA is aware that industry is raising concerns about price increases to fuel and materials arising from the conflict in the Middle East. To assist members to account and respond to price increases we have prepared information on dealing with cost uncertainties and fluctuations under HIA contracts.
Women key to building the homes Australia needs
The Housing Industry Association (HIA) is marking International Women’s Day by recognising the growing contribution of women in Australia’s residential building industry and encouraging more women to consider a career in construction, said HIA Managing Director Jocelyn Martin.
More time for consultation on proposed minimum financial requirements
As a result of consistent and forthright HIA advocacy, the Victorian Government has extended by two weeks the time available to industry to provide feedback on proposed new minimum financial requirements (MFRs) for home builders.
UNINSURED, UNBUILT - how Australia's small business crisis is adding risk and costing us homes
HIA has provided Federal Parliament with our submission, 'UNINSURED, UNBUILT - how Australia's small business crisis is adding risk and costing us homes, to the Small Business Insurance Inquiry currently underway. Our message is clear: the progressive failure of the system is a direct and material constraint on the construction of new homes: it is greatly contributing to homes not being built.