...Developers, including Stockland and Peet, have said they're facing the worst housing market conditions in 20 years and expect little change in 2013. Stockland, Mirvac Group and Australand Property Group may report “negative earnings surprises” in the fiscal year ending in ........Australian home-building approvals unexpectedly declined for the second time in three months in December. (here).
While industry body is hoping on a wing and a prayer? ... . A Housing Industry Association survey also published last week showed a 6.6% jump in new home sales in December..."This is potentially a sign that more stock is beginning to be absorbed... (here)
Test Code - YCHUZMS9RURT - Ends
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