Against our expectation for a slow recovery, housing equity withdrawal has instead fallen back over the past year. In large part that reflects subdued home sales which, in turn, are being constrained by a lack of inventory. Increased spending on home improvements by owners who can’t find a suitable new home is also injecting equity into the market, and active HEW is being held in check by tight lending standards.
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