Australia AUD

Australia HIA New Home Sales MoM

Info

History

Chart

Impact:

Medium

Source: Housing Industry Association (HIA)

Latest Release:

Date:

Surprise:

-14.2%

AUD

Actual:

-16%

Forecast: -1.8%

Previous/Revision:

-13.1%

Period: Aug

What Does It Measure?

The HIA New Home Sales MoM (Month-over-Month) measures the change in the number of new residential homes sold in Australia, offering insights into the strength of the housing market. It primarily focuses on new residential construction activity, indirectly relating to wider economic health as it influences employment, production, and consumer sentiment.

Frequency

This indicator is released on a monthly basis, typically published in the first week of the following month as a preliminary estimate subject to revision.

Why Do Traders Care?

Traders pay close attention to the HIA New Home Sales as it is a critical gauge of housing market dynamics which can influence construction-related sectors and overall economic growth. Significant changes in home sales can impact financial markets, affecting key assets such as the Australian dollar (AUD) and stocks in the construction and real estate sectors.

What Is It Derived From?

The HIA New Home Sales data is derived from a survey conducted among builders and developers within the Australian housing market. The methodology collects data on contracts for new residential constructions, and the results are typically reported as a diffusion index, where an increase indicates growth in sales.

Description

The HIA New Home Sales MoM compares the current month's new home sales figures to the previous month's, providing valuable insight into short-term trends in the housing market. This MoM comparison is preferred for its ability to detect the immediate shifts in buyer sentiment and market conditions, which can have rapid implications for economic forecasts and investment decisions.

Additional Notes

The HIA New Home Sales serves as a leading economic indicator, often foreseeing trends in employment and consumer spending related to the construction sector. When comparing this indicator to other housing market metrics, such as building permits and existing home sales, it can provide a broader view of the real estate market trends within Australia.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Sep 14, 2022	-16%	-1.8%	-13.1%	-14.2%
Aug 12, 2022	-13.1%	0.8%	1.9%	-13.9%
Jul 21, 2022	1.9%	-2.3%	-5.5%	4.2%
Jun 10, 2022	-5.5%	-1.1%	-1.2%	-4.4%
May 13, 2022	-1.2%	1.1%	3.9%	-2.3%
Apr 15, 2022	3.9%	-1.2%	-7%	5.1%
Mar 17, 2022	-7%	1%	-8.3%	-8%
Feb 15, 2022	-8.3%	3%	11.3%	-11.3%
Jan 21, 2022	11.3%	4%	7.7%	7.3%
Dec 16, 2021	7.7%	3.2%	11.1%	4.5%
Nov 09, 2021	11.1%	3%	2.3%	8.1%
Oct 12, 2021	2.3%	-2%	5.8%	4.3%
Sep 16, 2021	5.8%	-9%	-20.5%	14.8%
Aug 13, 2021	-20.5%	13%	14.8%	-33.5%
Jul 13, 2021	14.8%	20%	15.2%	-5.2%
Jun 10, 2021	15.2%	-7%	-54.4%	22.2%
May 13, 2021	-54.4%	30%	90.3%	-84.4%
Apr 19, 2021	90.3%	20%	22.9%	70.3%
Mar 15, 2021	22.9%	2%	-69.4%	20.9%
Feb 15, 2021	-69.4%	-3%	91.8%	-66.4%
Jan 19, 2021	91.8%	1.3%	15.2%	90.5%
Dec 17, 2020	15.2%	0.8%	-1.3%	14.4%
Nov 18, 2020	-1.3%	2.5%	3.8%	-3.8%
Oct 15, 2020	3.8%	0.5%	3.6%	3.3%
Sep 16, 2020	3.6%	-3.5%	-10.9%	7.1%
Aug 14, 2020	-10.9%	60%	77.6%	-70.9%
Jul 15, 2020	87.2%	-1.5%	-4.2%	88.7%
Jun 17, 2020	-4.2%	-0.5%	-1.1%	-3.7%
May 01, 2020	-23.2%	-8%	6.2%	-15.2%
Mar 31, 2020	6.2%	-1.9%	5.7%	8.1%
Mar 03, 2020	5.7%	-3.1%	2%	8.8%
Feb 04, 2020	2%	-2.5%	-4.4%	4.5%
Jan 17, 2020	-0.5%	-1.3%	-0.5%	0.8%
Nov 29, 2019	-0.5%	6.6%	5.7%	-7.1%
Nov 01, 2019	5.7%	-0.3%	7.3%	6%
Oct 04, 2019	7.3%	33.7%	-7.2%	-26.4%
Aug 29, 2019	-7.2%	6%	-12.1%	-13.2%
Aug 01, 2019	-12.1%	-2.5%	28.8%	-9.6%
Jul 02, 2019	28.8%	1.6%	-11.8%	27.2%
May 30, 2019	-11.8%	0.5%	-0.1%	-12.3%
May 02, 2019	-0.1%	1.2%	1%	-1.3%
Apr 01, 2019	1%	-3.8%	-1.8%	4.8%
Mar 04, 2019	-1.8%	-5%	-6.7%	3.2%
Jan 21, 2019	-6.7%		3.6%
Dec 18, 2018	3.6%		-0.8%
Nov 29, 2018	-0.8%		1.1%
Oct 29, 2018	1.1%		-2.9%
Oct 05, 2018	-2.9%		-3.1%
Aug 31, 2018	-3.1%		2.2%
Jul 31, 2018	2.2%	4.5%	-4.4%	-2.3%
Jun 29, 2018	-4.4%		-4.2%
Jun 07, 2018	-4.2%		-2%
Apr 30, 2018	-2%		-0.7%
Mar 27, 2018	-0.7%		-2.1%
Mar 02, 2018	-2.1%		0.7%
Jan 18, 2018	0.7%		1.6%
Dec 14, 2017	1.6%		-6.1%
Oct 31, 2017	-6.1%		9.1%
Oct 03, 2017	9.1%		-3.7%
Aug 29, 2017	-3.7%		-6.9%
Jul 31, 2017	-6.9%	0.5%	1.1%	-7.4%
Jun 29, 2017	1.1%		0.8%
Jun 02, 2017	0.8%		-1.1%
May 04, 2017	-1.1%	0.1%	0.2%	-1.2%
Mar 30, 2017	0.2%		-2.2%
Feb 28, 2017	-2.2%		0.2%
Feb 09, 2017	0.2%		6.1%
Jan 20, 2017	6.1%		-8.5%
Nov 30, 2016	-8.5%		2.7%
Oct 28, 2016	2.7%		6.1%
Sep 30, 2016	6.1%		-9.7%
Aug 29, 2016	-9.7%		8.2%
Aug 01, 2016	8.2%		-4.4%
Jun 29, 2016	-4.4%	5.1%	-4.7%	-9.5%
May 30, 2016	-4.7%	-3%	8.9%	-1.7%
May 05, 2016	8.9%		-5.3%
Mar 31, 2016	-5.3%	-1%	0.6%	-4.3%
Mar 02, 2016	3.1%	-1%	6%	4.1%
Feb 10, 2016	6%	0.7%	-2.7%	5.3%
Jan 21, 2016	-2.7%		-3%
Dec 03, 2015	-3%	1%	-4%	-4%
Oct 29, 2015	-4%		2.3%
Oct 02, 2015	2.3%	-0.2%	-0.4%	2.5%
Aug 31, 2015	-0.4%		0.5%
Aug 03, 2015	0.5%		-2.3%
Jun 30, 2015	-2.3%		0.6%
May 29, 2015	0.6%		4.4%
May 06, 2015	4.4%		1.1%