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The Housing Industry Association (HIA) said the Australian Bureau of Statistics housing finance figures increased slightly in September 2012, but it shows that the improvement is spotty.
HIA's chief economist Dr Harley Dale said the results are encouraging in some aspects.
"In terms of owner occupiers, there is still some growth in the first-time buyer market, but the modest improvement in finance to trade-up buyers ran out of steam in the September 2012 quarter.
"The number of loans for the purchase of a new dwelling continues to mount an encouraging recovery," he said.
Dr Dale said that now is the time to build a house if you can afford to do so, thanks to low interest rates, a competitive market and a good choice of tradespeople.
He felt that thanks to these conditions, here was hope a broader housing construction recovery would occur soon.
The data may show some signs of promise as loans for the purchase of new real estate grew nine per cent for the month of September.
The number of seasonally adjusted loans for the construction and purchase of new homes grew 28.1 per cent in Tasmania and 5.1 per cent in New South Wales.
