{"id":8723,"date":"2020-10-14T06:23:51","date_gmt":"2020-10-14T06:23:51","guid":{"rendered":"http:\/\/www.16news.com.au\/?p=8723"},"modified":"2020-10-14T06:23:51","modified_gmt":"2020-10-14T06:23:51","slug":"hia-new-home-sales-data-continues-to-demonstrate-homebuilders-phenomenal-success","status":"publish","type":"post","link":"http:\/\/www.16news.com.au\/index.php\/2020\/10\/14\/hia-new-home-sales-data-continues-to-demonstrate-homebuilders-phenomenal-success\/","title":{"rendered":"HIA New Home Sales Data Continues To Demonstrate Homebuilder\u2019s Phenomenal Success"},"content":{"rendered":"<p>Today\u2019s Housing Industry Association (HIA) New Home Sales Report for September 2020 again demonstrates how HomeBuilder is providing the stimulus the construction industry needs that is protecting tradies\u2019 jobs.<br \/>\nThe HIA\u2019s data shows that in the four months since HomeBuilder was announced, new home sales have risen 49.8 per cent compared to the four months to June 2020.<br \/>\nAlso following HomeBuilder\u2019s announcement, new home sales have been higher in each month than any month in the past two years.<br \/>\n<img decoding=\"async\" src=\"https:\/\/lpa19-webadmin.liberal.org.au:8443\/sites\/default\/files\/homebuilder_0.PNG\" \/><br \/>\nThis phenomenal result shows HomeBuilder is delivering on its promise to protect the jobs of Australia\u2019s tradies by providing the stimulus the construction industry needs as we get to the other side of the COVID-19 pandemic.<br \/>\nHIA Chief Economist Tim Reardon said today;<br \/>\n<i>\u201cHomeBuilder has been successful in providing consumer confidence for those customers that had delayed a major investment decision earlier in the year.\u201d<\/i><br \/>\n<i>\u201cThe program has also brought buyers into the market that would otherwise not been able to purchase their first home for a number of years.\u201d<\/i><br \/>\n<i>\u201cThis increase in sales will support the construction of detached homes in the wake of the COVID recession and pull the rest of the economy forward into 2021.\u201d<\/i><br \/>\nToday\u2019s data adds to the growing number of leading indicators that show that HomeBuilder is delivering the support the residential construction industry needs. Recent data shows;<\/p>\n<ul>\n<li>In August 2020, the number of loans for the construction of new dwellings rose to its highest level in over a decade, up by 22.9 per cent for the month and 34 per cent through the year.<\/li>\n<\/ul>\n<ul>\n<li>HomeBuilder has seen first home buyers flood into the housing market. First home buyer loans rose dramatically in August to be 17.7 per cent higher for the month, up 37.3 per cent through the year \u2013 the highest level since October 2009.<\/li>\n<\/ul>\n<ul>\n<li>ABS Building Approvals data for August 2020 shows private sector house approvals are at their highest level since February 2019, with over 9,000 approvals recorded.<\/li>\n<\/ul>\n<p>Across the board the construction industry is saying that HomeBuilder is delivering for Australia\u2019s tradies and home buyers, which is driving stimulus in the economy at a time its needed most.<br \/>\nThe Morrison Government is committed to doing all we can to help Australians get into a home of their own as part of our Economic Recovery Plan for Australia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today\u2019s Housing Industry Association (HIA) New Home Sales Report for September 2020 again demonstrates how HomeBuilder is providing the stimulus the construction industry needs that is protecting tradies\u2019 jobs. The HIA\u2019s data shows that in the four months since HomeBuilder was announced, new home sales have risen 49.8 per cent compared to the four months &hellip; <a href=\"http:\/\/www.16news.com.au\/index.php\/2020\/10\/14\/hia-new-home-sales-data-continues-to-demonstrate-homebuilders-phenomenal-success\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;HIA New Home Sales Data Continues To Demonstrate Homebuilder\u2019s Phenomenal Success&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-8723","post","type-post","status-publish","format-standard","hentry","category-aussie"],"_links":{"self":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/8723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=8723"}],"version-history":[{"count":0,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/posts\/8723\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=8723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=8723"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.16news.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=8723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}