A slumping new home market is creating opportunities for builders able to meet the needs of buyers with less money to spend but who still need to buy a new home.
The Housing Industry Association on Tuesday said new home sales fell for a second month in July, prompting the lobby group for large house builders to renew predictions of decade-low activity next year even if interest rates were cut immediately.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
