New homes sales rose 2.5% in Jan from Dec according to a report by the Housing Industry Association in conjunction with manufacturing group JELD-WEN.
Detached house sales increased by 2.2% while the sale of multi-units rose 5%. Total detached house sales increased by 3.7% over the three months to Jan 2011 but remained down by 9.8% when compared with the three month period to Jan 2010.