13 May 2014
Australian home loans softer-than-expected
FXStreet (Bali) - Australian home loans (Mar) came at -0.9% vs -1.5% expected and 2.3% last, a result that represent a negative input for AUD.
MARCH KEY POINTS
VALUE OF DWELLING COMMITMENTS
March 2014 compared with February 2014:
The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.2%. Investment housing commitments rose 0.4% and owner occupied housing commitments rose 0.1%.
In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.1%.
NUMBER OF DWELLING COMMITMENTS
March 2014 compared with February 2014:
In trend terms, the number of commitments for owner occupied housing finance fell 0.1%.
In trend terms, the number of commitments for the purchase of new dwellings fell 1.4% and the number of commitments for the purchase of established dwellings fell 0.3% while the number of commitments for the construction of dwellings rose 1.7%.
In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 12.6% in March 2014 from 12.5% in February 2014.
MARCH KEY POINTS
VALUE OF DWELLING COMMITMENTS
March 2014 compared with February 2014:
The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 0.2%. Investment housing commitments rose 0.4% and owner occupied housing commitments rose 0.1%.
In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 1.1%.
NUMBER OF DWELLING COMMITMENTS
March 2014 compared with February 2014:
In trend terms, the number of commitments for owner occupied housing finance fell 0.1%.
In trend terms, the number of commitments for the purchase of new dwellings fell 1.4% and the number of commitments for the purchase of established dwellings fell 0.3% while the number of commitments for the construction of dwellings rose 1.7%.
In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 12.6% in March 2014 from 12.5% in February 2014.