After treading water since the start of 2015, new home sales finally made some headway in April with the largest month-on-month rise since 1992. While that rate of growth is unsustainable, it provides some evidence that the combination of mortgage rates which are close to record lows, an improving economy and elevated household confidence are at last re-energising housing market activity.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services