Latest data shows billion dollar drop in housing commitments

LATEST data shows there has been close to a billion dollars wiped from housing commitments. The Australian Bureau of Statistics lending finance data found that secured housing commitments – used to either build or buy dwellings – totalled .93 billion seasonally adjusted in November. It was a sharp fall over the same month the previous year when secured housing excluding alterations hit .92 billion, close to b more than November 2016. #1321