Filtered by Subscriptions: US Housing Use setting US Housing
The latest round of news on the housing market has been surprisingly upbeat but don’t be fooled into believing that the sector has bottomed out. … Is the US housing market …
14th August 2008
We estimate that over the next three years the financial losses resulting from the surge in defaults on US mortgages and other consumer loans will add up to close to $700bn, or 6% of US GDP . Roughly a third of those losses, or $235bn, will fall on …
23rd June 2008
Houses are still substantially over-valued even though prices have already fallen by around 10% on the Case-Shiller national index . An additional decline of between 10% and 15% this year would put house prices back in line with the fundamentals. …
19th May 2008
The meltdown in the sub-prime mortgage sector will have a significant impact on the US economy because of its consequences for the housing market, even if there are no contagion effects on the rest of the financial sector. But in a realistic worst …
15th March 2007
For close to a year now we have been predicting that a sharp housing-led slowdown in US economic growth would take hold in 2007. However, two recent developments have convinced us that the slowdown could be even more severe than we initially thought. …
19th September 2006
The end of the housing boom, which is apparently now underway, is arguably the biggest risk to the US economic outlook over the next couple of years . In previous Focus pieces we have argued that even a benign end to the boom, in which house prices …
27th February 2006
US house prices have risen by a little over 50% in the past five years, leaving housing looking more over-valued than ever before. Based on a range of benchmarks including incomes and rents, . we would judge that house prices are roughly 25% higher …
20th October 2005
The seemingly unstoppable US housing boom continues unabated with activity at high levels and prices rising sharply . . There are some disturbing parallels emerging, however, between the boom in the US and the later stages of the housing bubbles …
22nd June 2005
US house prices have staged the biggest continuous rise in their history. The resulting overvaluation may not be as severe as that in the UK and Australia, but it is still big enough to convince us that US house price inflation will soon slow to zero, …
20th July 2004
The rate of increase of US house prices has been particularly strong over the past 3 years. Indeed, house price inflation even accelerated in 2001, buoyed by falling mortgage interest rates, defying both the economic slowdown and the collapse in stock …
28th July 2003
The continued strength of consumer spending in the US over the past two years, despite a recession and big stockmarket losses, is principally due to the boom in mortgage refinancing, caused by low interest rates and the buoyant housing market. … Mortgage …
2nd December 2002
30th April 2002
