The First Home Owners Boost pushed new home sales for a third straight month in March according to the latest survey by the Housing Industry Association (HIA).
"It is clear that in the first quarter of 2009 the project home building market was buoyed by the First Home Owners Boost for new dwellings together with very low variable mortgage rates", said HIA Chief Economist, Dr Harley Dale.
"The First Home Owners Boost for new dwellings is clearly lifting residential building activity and securing jobs within the Australian economy", added Harley Dale.
New home sales increased by 4.2 per cent in ...
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Categories: Building and Construction, Home Loans and Mortgages, News.
Pressure is mounting for the introduction of a second economic stimulus package with the creation of construction jobs in the housing industry seen as a priority.
The ACTU and building and construction industry bosses called on the government to act quickly while Opposition Leader Malcolm Turnbull called on the government to introduce further tax cuts.
The PM embarks on a tour aimed at reassuring the public that the government will do whatever it takes to maintain economic stability.
During a visit to Adelaide on Tuesday, Mr Rudd said 2009 would be tough but jobs growth would remain the government's priority.
"This is ...
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Categories: Building and Construction, News.
