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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia HIA New Home Sales climbed to 4.6% in March 2014
FMPMonthlyReleased March 2014
Australia HIA New Home Sales climbed to 4.6% in March 2014, up 4.4% from February's 0.2% reading.
Latest Release
4.600000
Actual
—
Consensus
0.200000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
HIA New Home Sales (Australia) was reported at 4.6% in March 2014. The reading rose from the previous value of 0.2%. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Construction Work Done QoQ (May 27) and Inflation Rate YoY (May 27).
Auto-generated from current model state · Refreshes on each release · Last update March 2014.
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HIA New Home Sales - AU
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About HIA New Home Sales — Australia
DEFINITION
HIA New Home Sales is a leading financial indicator that measures the number of new homes sold in Australia. It is released monthly by the Housing Industry Association (HIA) and provides valuable insights into the strength of the housing market and the overall health of the economy. This indicator is closely monitored by investors, policymakers, and industry professionals as it can signal trends in consumer confidence, construction activity, and future economic growth.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2014): actual 4.6 %. Prior reading (Feb 2014): 4.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary neutral force in the projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.