US Housing Market Data Response Existing Home Sales (Aug.) After three months of gains, subdued mortgage lending and low inventory levels meant existing home sales fell back in August. Those factors will weigh on sales in the short term, but as lending... 21st September 2015 · 1 min read
US Housing Market Update Fannie Mae launches new housing sentiment indicator The new Home Purchase Sentiment Index from Fannie Mae has a good track record in forecasting measures of housing market activity. While future performance may not be as impressive, the drop in... 18th September 2015 · 1 min read
US Housing Market Data Response Housing Starts (Aug.) As expected, the disruption caused by the expiry of a tax-break in New York led to a drop in housing starts in August. But with homebuilder confidence elevated and building permits already recovering... 17th September 2015 · 1 min read
UK Housing Market Update Mortgage market competition moves up a gear A number of recent developments suggest that, after a protracted period of uncertainty, confidence amongst mortgage lenders is starting to improve again. If this is sustained, the improvement in... 17th September 2015 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Aug.) The rate of house price inflation rose to 5.4% in August and the elevated sales-to-new listings ratio indicates that it will accelerate to 6.0% before year end. The national average continues to be... 14th September 2015 · 1 min read
US Housing Market Update Why are home purchase mortgage applications so subdued? The first quarter’s recovery in mortgage applications for home purchase appears to have been derailed by a lack of earnings growth and the resulting deterioration in affordability. While earnings... 10th September 2015 · 1 min read
UK Housing Market Data Response RICS Survey & Halifax House Prices (Aug.) The Halifax reported a 2.7% m/m surge in house prices during August, more than reversing July’s dip. But with the price of a house growing at over three times faster than wages, we don’t think that... 10th September 2015 · 1 min read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q2) Lenders are starting to adapt to new mortgage regulations, leading to a rise in both total lending and the proportion of higher loan-to-income ratio loans. But this didn’t distract banks’ attention... 8th September 2015 · 1 min read
UK Housing Market Chart Pack Imbalance between active supply and demand widens The second estimate of GDP left Q2 growth unchanged at a respectable 0.7%. And whileemployment and wage figures disappointed, strong employment intentions and an upturn in businessinvestment suggest... 4th September 2015 · 1 min read
US Housing Market Data Response Mortgage Applications (Aug.) The drop in interest rates triggered by the market turmoil of the past couple of weeks has given a boost to refinancing activity. Applications for home purchase have been more sluggish, but with... 2nd September 2015 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jul.) CoreLogic report that house prices saw a very large rise of 1.5% seasonally-adjusted in July, pushing the annual rate to a 12-month high. Tight market conditions are driving house prices higher, a... 1st September 2015 · 1 min read
UK Housing Market Data Response Mortgage Lending (Jul.) Mortgage lending rose in July, as low mortgage rates and a strengthening economy boosted housing demand. But there is still a long way to go before lending can be considered to have recovered fully... 1st September 2015 · 1 min read
UK Data Response Markit/CIPS Report on Manuf. (Aug.) & Money and Credit (Jul.) August’s Markit/CIPS report on manufacturing showed that the strong pound is crimping exporters and so suggests that the major support net trade provided to GDP growth in Q2 will be a blip. But there... 1st September 2015 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Jul.) Even allowing for the usual monthly volatilty , this is a strong set of numbers from the Land Registy . A lack of homes for sale, coupled with rising demand, is driving prices higher. 28th August 2015 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Aug.) Nationwide reported a softening in house price growth for August, with the annual rate falling from 3.5% to 3.2%. But with supply conditions still tight, as well as economic and mortgage market... 27th August 2015 · 1 min read
UK Housing Market Focus Why is the stock of homes for sale so low? Record low interest rates have boosted house prices and cut returns on other assets. That in turn has encouraged homemovers to either rent out their old home, or just keep it empty. Alongside a... 26th August 2015 · 1 min read
