The recovery in home building activity in Australia is spreading to beyond New South Wales and Western Australia and is now benefiting Queensland, South Australia and Victoria, the latest report indicates.

Released by Housing Industry Association on Friday, the latest data indicates that the seasonally adjusted number of new homes sold throughout Australia edged up 0.2 percent in March off an already strong base to reach 7,501 – the highest level on record since June 2011. On a quarterly basis, seasonally…