New home sales have reached their highest level since May 2011.
New home sales are at a near three year high, driven by a boom in detached house sales.
Detached house sales jumped 6.9 per cent in February, according to data from the Housing Industry Association.
That led to an increase in total new home sales of 4.6 per cent, seasonally adjusted – the highest level since May 2011.
Sales of multi-units fell 6.8 per cent.
The construction of detached houses creates more jobs than multi-units.
“Both sales and building approvals for detached housing are signalling faster momentum ahead for this component of new dwelling construction, compared to what was evident in the first phase of the recovery,” HIA chief economist Harley Dale said.
“This signal suggests more balanced growth ahead in the composition of new home building and adds a further positive dimension to the recovery for many of Australia’s manufacturers and suppliers.”
Dr Dale said the housing recovery was spreading across the country, having previously been dominated by NSW and Western Australia.
In the three months to February, detached house sales in South Australia were up by 32.5 per cent and by 19.8 per cent in Queensland.