ONLY CHARTS #614
Aus new house sales, Aus recruitment, Aus housing finance, NZ RBNZ underlying inflation, Aus RBA cash rate expectations
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1. The number of new house sales by large Australian builders fell 4.6% m/m in June and the 3-month average also declined.
Allowing for lags, we are likely to see building approvals for detached houses starting to lose momentum soon.
A lot of the volatility in new house sales has been in Victoria.
2. Aussie firms reported an increase in recruitment difficulties in June following a noticeable easing over the prior 2 months.
The number of jobs vacant for longer than 1 month also increased in June but has trended a little lower this year.
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