Sales of new homes rose slightly in April, new figures show, but the housing industry remains concerned the improvement will not halt a continuing weakening in construction and buying activity.
The New Home Sales report from the Housing Industry Association shows new home sales rose 0.8 per cent nationally in April, with New South Wales, Victoria and South Australia all recording increases in sales of detached housing.
HIA senior economist Geordan Murray warned the April rise would not negate a continuing downward trend, pointing to policy changes including the NSW government's move this week to increase taxes for foreign property investors, as creating uncertainty and threatening activity.
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