US Housing Market Update Is household formation set for a rebound? A fall in the share of young adults living with their parents should provide a boost to household formation over the next few years. This is an upside risk to our forecasts for sales and housing... 12th March 2015 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Feb.) Housing demand finally stabilised in February according to RICS surveyors, but the lack of homes for sale appears to be weighing on buyer enquiries. But that same lack of properties on the market is... 12th March 2015 · 1 min read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q4) Despite a further drop in mortgage rates, banks and building societies have cut back their mortgage lending. That reflects a stricter lending environment, with the share of high loan-to-value and loan... 10th March 2015 · 1 min read
US Housing Market Chart Pack A temporary surge in house price growth The CoreLogic measure of house prices surged by a seasonally-adjusted 1.4% m/m in January, the largest monthly gain in almost two years. This acceleration appears to have been caused by the tightness... 10th March 2015 · 1 min read
UK Housing Market Chart Pack Housing market activity showing some signs of life While far from conclusive, a number of indicators are pointing to a revival in housing market activity. The reform to stamp duty will have helped to boost demand, but more fundamentally record low... 6th March 2015 · 1 min read
UK Housing Market Data Response Halifax House Prices (Feb.) Given how volatile the Halifax house price index has been in recent months, we wouldn’t read too much into the marginal fall recorded in February. After all, the underlying trend in prices is still... 5th March 2015 · 1 min read
US Housing Market Data Response Mortgage Applications (Feb.) The rise in mortgage rates put a dampener on mortgage applications in February. However, with affordability set to remain favourable and the wider economy growing strongly, mortgage volumes and home... 4th March 2015 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jan.) A surge in house price inflation in January could be the start of a temporary period of faster price growth, caused by tighter supply conditions and the strength of the wider economy. But with housing... 3rd March 2015 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Feb.) & Mortgage Lending (Jan.) House prices held their ground in February according to the Nationwide. But with mortgage approvals rising for the second consecutive month, and mortgage rates dropping yet again, prices will soon... 2nd March 2015 · 1 min read
Australia & New Zealand Economic Outlook Struggling to cope with commodity collapse The plunge in the prices of the key commodity exports of both Australia and New Zealand late last year will soon filter through into weaker domestic activity, resulting in GDP growth this year slowing... 2nd March 2015 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Jan.) House prices rose by a robust 1.3% over January according to the Land Registry, which brought a halt to the downward trend in the 3m/3m and annual rate of inflation. While it is too early to say for... 27th February 2015 · 1 min read
US Housing Market Data Response Mortgage Delinquencies (Q4) At 5.7% in the fourth quarter of last year, the mortgage delinquency rate has fallen close to the long run average of 5.0%-5.5%. Admittedly, the foreclosure start rate and foreclosure inventory rate... 26th February 2015 · 1 min read
UK Housing Market Chart Pack London set for period of underperformance While housing market activity has been easing across the country, London has experienced by far the largest slowdown. Demand has contracted sharply thanks to prices which have reached a record high in... 26th February 2015 · 1 min read
UK Housing Market Update Do the household statistics provide evidence of a housing shortage? The latest statistics on household formation show there has been a surge in the number of households with non-dependent children. While most will view this as further confirmation of a housing... 26th February 2015 · 1 min read
US Housing Market Data Response New Home Sales (Jan.) New home sales sustained almost all of December’s seven-year high in January, falling by a marginal 0.2% m/m. The strong labour market and loosening mortgage credit conditions mean that the outlook... 25th February 2015 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Jan.) The January figures from the BBA suggest that mortgage lending has finally bottomed out, with approvals for house purchase rising for the first time since June. Now that expectations for interest rate... 25th February 2015 · 1 min read
