US Housing Market Chart Pack Housing market resilient in face of rising interest rates Mortgage applications for home purchase held up in January, even as mortgage rates resumed their upward trend. However, inventory shortages are weighing on home sales. The number of existing single... 7th February 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Dec.) The recent strength in house price growth continued in December according to CoreLogic. Prices were estimated to have increased 7.2% in 2016 – the fastest pace of growth for 2½ years. With inventory... 7th February 2017 · 1 min read
UK Housing Market Data Response Halifax House Prices (Jan.) The Halifax report that house prices fell in January, partially unwinding a strong run in the final quarter of 2016. The data, therefore, echoed the message from last week’s Nationwide data that house... 7th February 2017 · 1 min read
UK Housing Market Focus Could housing be the weak link in 2017? Our economic forecasts point to a supportive backdrop for the housing market in 2017. Nevertheless, there are three potential risks facing the market. These are an interest rate shock, a shift in the... 3rd February 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (Jan.) After jumping following Trump’s win in November, mortgage applications for home purchase held their ground in January. But a lack of housing inventory will act to constrain demand for home purchase... 1st February 2017 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jan.) House price growth continued its downward trend at the start of the year. We expect this to continue during 2017, as buyers become increasingly constrained by the very high level of prices. 1st February 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Nov.) Case-Shiller reported that average US house prices rose by 0.8% m/m in November, continuing the recent trend of significant gains. With housing demand rising on the back of Trump’s win, and inventory... 31st January 2017 · 1 min read
UK Housing Market Data Response Mortgage Lending (Dec.) The growth of lending for house purchase has cooled somewhat over the last couple of months. The breakdown of the data suggest that is primarily due to lower lending to BTL investors. 31st January 2017 · 1 min read
UK Housing Market Outlook BTL to slow growth in mortgage approvals While the housing market ended 2016 in reasonable shape, house price growth has been losing steam. With prices already so high, we expect that trend to continue, with annual house price growth ending... 30th January 2017 · 1 min read
UK Housing Market Update Subdued outlook for Scottish house prices Stagnating employment growth combined with relatively loose supply conditions appear to be keeping Scottish house price growth in check. Throw in low oil prices and concerns about the impact of Brexit... 27th January 2017 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Dec.) Today’s figures from the BBA confirm that the recovery in house purchase mortgage approvals maintained its momentum through to the end of 2017. With the economy looking resilient and confidence in the... 26th January 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (Dec.) Existing homes sales dropped back in December, as the lowest level of inventory since records began in 1999 weighed on activity. That shortage of homes for sale also suggests that any boost to housing... 24th January 2017 · 1 min read
India Chart Pack Attention turns to state elections Upcoming state elections in India are likely to have an important bearing on economic policy at the local level. But perhaps more significant, the outcome of the state elections could be crucial in... 23rd January 2017 · 1 min read
US Housing Market Data Response Housing Starts (Dec.) December’s jump in housing starts was driven by the volatile multifamily sector, implying that homebuilding activity may not be quite as buoyant as it initially seems. But single-family permits... 19th January 2017 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Dec.) Despite a slight improvement in the data, stock levels remain near historic lows and look unlikely to recover soon. But given that house prices are already very high, neither the shortage of stock nor... 19th January 2017 · 1 min read
India Economics Update Decent start to 2017 Financial markets in India have made a relatively bright start to 2017. The rupee and bond yields have been stable, while equities have rallied so far in January. Looking ahead however, prospects are... 19th January 2017 · 1 min read
