UK Housing Market Data Response BBA Mortgage Lending (Jul.) Mortgage approvals for house purchase rose again in July, supported by low interest rates and rising credit availability. But while activity will continue tostrengthen, the pace of growth will be... 26th August 2015 · 1 min read
US Housing Market Data Response Case-Shiller Prices / New Home Sales (Jun./Jul.) New home sales reversed part of June’s sharp fall in July, and alongside a surge in existing sales that has led to the tightest market conditions in a decade. Surprisingly, those tight conditions have... 25th August 2015 · 1 min read
UK Housing Market Update Why are homes becoming more expensive to build? Official statistics show that the real cost of constructing a home has essentially doubled over the past 10 years. That could indicate that homes are now much better quality than in the past, but it... 21st August 2015 · 1 min read
US Housing Market Data Response Existing Home Sales (Jul.) Against expectations, existing home sales rose once again in July, to their highest level since the start of 2007. But with the months’ supply of existing homes dropping to its lowest level in a... 20th August 2015 · 1 min read
UK Housing Market Data Response Housebuilding (Q2) Housing starts fell sharply in Q2, reversing more than half of Q1’s gains. Production constraints related to labour and material shortages are still holding back activity. Over time, housing starts... 20th August 2015 · 1 min read
US Housing Market Data Response Housing Starts (Jul.) The recovery in housing starts continues, as builders respond to improving demandfor new-build homes. The expiry of a tax-break in New York City has distorted thebuilding permit data but other leading... 18th August 2015 · 1 min read
US Housing Market Data Response Mortgage Delinquencies (Q2) The share of mortgage borrowers having trouble with repayments dropped again in the second quarter, thanks to low mortgage rates, rising house prices and a solid labour market. That progress should... 13th August 2015 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Jul.) Although the rate of house price inflation remained at 5.1% in July, the recent rebound in the home sales-to-new listings ratio indicates that it may yet accelerate to 6.0%. This mainly the strength... 12th August 2015 · 1 min read
Canada Economics Update Housing construction boom likely to end in bust The latest housing start figures don't fully reflect the relatively stronger pace of building permits, an indication that home building may accelerate further in the near-term, even as signs point to... 11th August 2015 · 1 min read
UK Economic Outlook Recovery unlikely to slow sharply next year Strong growth in household spending this year will give way to a weaker performance in 2016. But this slowdown will not be severe and the medium-term outlook is bright. 11th August 2015 · 1 min read
UK Housing Market Data Response CML Lending Trends (2015 Q2) Mortgage lending for house purchase grew strongly in Q2, particularly in the buy-to-let sector. And despite signs that mortgage rates might be bottoming out, high levels of employment and rising real... 11th August 2015 · 1 min read
Canada Economics Weekly Renovation tax credit would only worsen housing excesses The Conservative campaign pledge to introduce a new home renovation tax credit if elected this autumn is possibly more misguided than the NDP and Liberal pledges to raise taxes during a recession... 10th August 2015 · 1 min read
China Economics Update Property market should shrug off equity price falls When equity prices collapsed in 2007, property prices and sales also collapsed. This precedent has led to concerns that the latest stock market rout may spark a sharp fall in property demand. These... 6th August 2015 · 1 min read
UK Housing Market Data Response Halifax House Prices (Jul.) After a strong June reading, the Halifax reported a 0.6% m/m fall in house prices during July. This brought underlying price growth down, although it remains at a respectable 2.4%. House price... 6th August 2015 · 1 min read
US Housing Market Data Response Mortgage Applications (Jul.) The upward trend in mortgage interest rates seems to be holding back mortgage applications. However, provided the labour market continues to strengthen as we expect, looser credit conditions and... 5th August 2015 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jul.) According to Nationwide, house prices grew by 0.4% m/m in July. Annual price growth picked up to 3.5%, a signal that the slowdown in price growth seen over the past year is coming to an end. Prices... 4th August 2015 · 1 min read
