HIA New Home Sales m/m reflect a percentage change in sales of new residential spaces in the reported month compared to the previous month. The indicator is calculated based on data collected from a survey of the 100 largest developers in Australia, which account for 33% of all new residential premises. The obtained values are then extrapolated to the entire market and are seasonally adjusted. A higher than expected reading can have a positive effect on the Australian dollar quotes.
The chart of the entire available history of the "HIA Australia New Home Sales m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
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