New home loans falling in Australia, latest data shows

New home loans in Australia saw a further decline in February from the high levels of late 2015, according to the latest report from the Housing Industry Association. Despite a growth in the total number of owner occupier loans, excluding refinancing, new home loans fell by 6.5% month on month and were 2.7 per cent lower than a year earlier. During February the number of loans for the construction of new dwellings eased back by 1.9% in seasonally adjusted terms, while the number of loans for the...