US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Jul. 2025) The 0.1% m/m fall in house prices in July marks the fifth consecutive monthly decline, meaning it now looks unlikely that prices will rise this year, as we had previously thought. That said, we still... 30th September 2025 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (Aug. 2025) The low-and-barely changed level of existing home sales in August is yet more evidence of the quagmire the existing home market has been stuck in for a couple of years now. While the downward trend in... 25th September 2025 · 2 mins read
US Housing Market Rapid Response US New Home Sales (Aug. 2025) Lower borrowing costs supported a surge in new home sales in August, and could drive further increases in the coming months, given the continued decline in mortgage rates since then. 24th September 2025 · 2 mins read
US Housing Market Rapid Response US Housing Starts (Aug. 2025) The weakness in August housing starts was as expected, especially after July’s hard-to-explain strength. While homebuilders have recently become more optimistic about prospects for housing demand, as... 17th September 2025 · 2 mins read
US Housing Market Rapid Response US Mortgage Applications (Aug. 2025) Lower borrowing costs sparked a small rebound in home purchase mortgage applications in August, lending support to our view that existing home sales will see a modest lift in the second half of what... 3rd September 2025 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Jun. 2025) Although we expect house prices to regain some momentum in the third quarter, the fourth consecutive monthly decline in June suggests that risks to our forecast of a 1% increase this year are clearly... 26th August 2025 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (Jul. 2025) Despite a small uptick in July, home sales have held in a narrow 3.9-4.1 million annualised range since mid-2023, a historically weak level that highlights the lack of momentum in the struggling... 21st August 2025 · 2 mins read
US Housing Market Rapid Response US Housing Starts (July 2025) While the pick-up in housing starts in July was somewhat of a positive surprise, as we expected flooding in Texas to heavily weigh on groundbreaking, the continued loss of momentum in permit issuance... 19th August 2025 · 2 mins read
US Housing Market Rapid Response US Mortgage Applications (Jul 2025) The fall in home purchase mortgage applications in July still leaves them roughly in line with where they started the year, and continuing to point to a rebound in existing home sales. While some... 6th August 2025 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (May 2025) The second consecutive 0.3% m/m fall in house prices in May suggests that the market is still struggling to find balance under the weight of near-7% mortgages, in turn presenting a risk to our view... 29th July 2025 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (June 2025) The fall in existing home sales in June comes despite the recent rebound in consumer confidence, suggesting affordability is still the main driver of homebuyer activity. With house price declines... 23rd July 2025 · 2 mins read
US Housing Market Rapid Response US Housing Starts (June 2025) The pick-up in housing starts in June is less encouraging than first appears, as it is narrowly concentrated in both the volatile multifamily sector, and in the Northeast of the country. Single-family... 18th July 2025 · 2 mins read
US Housing Market Rapid Response US Mortgage Applications (June 2025) The rise in purchase mortgage applications in June supports our view that transactions will pick up in the second half of the year, even if they remain depressed by historical standards. 9th July 2025 · 1 min read
US Housing Market Rapid Response US New Home Sales (May 2025) The large fall in new home sales in May cancels out all of the positivity of the past couple of months and serves as a valuable reminder that buyer activity can only rise so far with mortgage rates... 25th June 2025 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Apr. 2025) After falling in March, the further 0.3% m/m decline in house prices in April raises the risk that prices are entering a sustained downturn, as the market finally buckles under the weight of near-7%... 24th June 2025 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (May 2025) The small rebound in existing home sales in May could be a sign of things to come, if more supply and the recent rebound in consumer sentiment draw would-be buyers back into the market. However, with... 23rd June 2025 · 2 mins read
