US Housing Market Rapid Response Existing Home Sales (May.) As expected, existing home sales remained relatively unchanged in May, rising by +0.2% m/m to 4,300,000 annualised. Despite this marginal rise, a decline in mortgage applications for home purchase in... 22nd June 2023 · 1 min read
US Housing Market Rapid Response Housing Starts (May.) Single-family starts saw the largest monthly increase in nearly three years in May, suggesting homebuilders have been responding to the recent rises in new home sales. We still expect a mild recession... 20th June 2023 · 2 mins read
US Housing Market Rapid Response Mortgage Applications (May) Mortgage applications for home purchase fell to their lowest level in almost 30 years in May, as a renewed rise in mortgage rates weighed on demand. This points to further near-term weakness for home... 7th June 2023 · 1 min read
