As Speculators Flee, Sales of New Houses in Australia Plunge to Lowest since at least 2001
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But first-time buyers cling to hope. Sales of newly built detached houses in Australia plunged 6.7% in December 2018 from November, to just 4,622 houses, according to the Housing Industry Association (HIA), easily whizzing by the prior record low of 4,769 sales in August (chart via TradingEconomics.com): In the fourth quarter of … Read more