US Housing Market Chart Pack Strong home demand to support sales and building After a brief pause in the second half of June, record low mortgage rates helped push applications for home purchase to an 11-year high in the first week of July. That will help reverse the earlier... 9th July 2020 · 9 mins read
US Housing Market Chart Pack Home purchase mortgage applications surge By the end of May, mortgage applications for home purchase had fully reversed their earlier drop. New home sales have also performed better than expected, with a surprise month-on-month rise in April... 9th June 2020 · 9 mins read
US Housing Market Chart Pack Sales heading to record lows The impact of the coronavirus is showing up in housing market activity. Pending home sales plummeted 21% m/m in March, which points to existing home sales falling to just over 4m annualised in April... 12th May 2020 · 9 mins read
US Housing Market Chart Pack Housing demand to collapse as virus takes hold The coronavirus will cause a severe contraction in housing market activity. Mortgage applications for home purchase have already seen a 33% drop from their peak in late January. A surge in... 7th April 2020 · 8 mins read
US Housing Market Chart Pack Coronavirus to weigh on housing market activity With growing evidence that the coronavirus is turning into a pandemic, a hit to housing market activity is inevitable. No hard numbers have been released yet, but home sales are vulnerable to any... 10th March 2020 · 9 mins read
US Housing Market Chart Pack Rental vacancy rates set for a small rise in 2020 A decline in apartment completions helped keep rental vacancy rates low over the latter part of 2019. But strong multifamily starts over the past couple of years suggest completions will pick-up in... 11th February 2020 · 8 mins read
US Housing Market Chart Pack Single-family housing starts set for another strong year The 30-year mortgage rate ended 2019 at close to 4%, and it is set to stay at around that level over the next or so. But tighter credit conditions will offset some of the benefit of lower rates on... 14th January 2020 · 8 mins read
US Housing Market Chart Pack Low mortgage rates here to stay A narrowing in the spread against the 10-year Treasury yield kept the 30-year mortgage rate close to 4% even as yields reached a three-month high in early November. Mortgage rates are likely to stay... 9th December 2019 · 9 mins read
US Housing Market Chart Pack Tight markets support rental growth The 30-year mortgage rate increased to an eight-week high in October, which helps explain why mortgage applications for home purchase have been trending down since mid-September. A lack of inventory... 5th November 2019 · 9 mins read
US Housing Market Chart Pack Slowing economy weighs on buyer sentiment A slowing economy has increased concerns around job security, which has weighed on mortgage applications for home purchase even as mortgage interest rates have stayed close to three-year lows. Coupled... 11th October 2019 · 8 mins read
US Housing Market Chart Pack Demand unresponsive to lower mortgage rates The 30-year mortgage rate has dropped to its lowest level since late 2016, but that has not given much of a boost to home demand. Indeed, mortgage applications for home purchase dropped back over July... 11th September 2019 · 9 mins read
US Housing Market Chart Pack Lack of inventory keeps home sales grounded The fall in mortgage interest rates gave mortgage applications for home purchase a boost earlier this year, but a lack of inventory meant that did not translate into home sales. (See Chart 1.) Total... 6th August 2019 · 9 mins read
US Housing Market Chart Pack Surge in mortgage approvals not expected to last Lower mortgage rates are not expected to bring an upturn in housing activity. True, there was a strong rise in mortgage approvals last month as borrowers took advantage of falling rates. But this was... 9th July 2019 · 8 mins read
US Housing Market Chart Pack Mortgage rates set to drop to 2½-year lows Mortgage interest rates are set to fall to their lowest level since the end of 2016, but that will not trigger a surge in housing market activity. Concerns over the health of the economy means home... 10th June 2019 · 1 min read
US Housing Market Chart Pack House price growth to slow further as sales stagnate A gentle rise in mortgage interest rates led to a drop in mortgage applications for purchase over April, reversing some of the gains seen since the start of March. Subdued home buying sentiment... 7th May 2019 · 1 min read
US Housing Market Chart Pack Surge in mortgage demand will not be sustained A drop in interest rates gave the mortgage market a shot in the arm in March, with applications for home purchase rising to close to a nine-year high. But we doubt that housing market activity is set... 10th April 2019 · 1 min read
