The latest result for the HIA New Home Sales Report, a survey of Australia’s largest volume builders, highlights a second consecutive rise for sales in the month of November 2014.

“Renewed upward momentum in the multi-unit segment drove growth in overall new home sales in late 2014, a trend unlikely to be reversed when the December result comes through,” explained HIA Chief Economist, Harley Dale. “Total seasonally adjusted new home sales increased by 2.2 per cent in November last year…