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
US Housing Market Data Response Case-Shiller House Prices (Dec.) December marked the fourth consecutive month during which house prices rose by at least 0.5% m/m. The slight acceleration in price growth at the end of last year reflects the tightening in housing... 24th February 2015 · 1 min read
US Housing Market Data Response Existing Home Sales (Jan.) The drop in home sales at the start of 2015 is not a sign that the (admittedly lacklustre) housing recovery is coming off the rails. Strong employment growth and signs that wage growth will soon... 23rd February 2015 · 1 min read
UK Economics Chart Pack Retail sales recovery to remain robust Although retail sales volumes were a whopping 5.4% higher in January than a year ago, this does not have the hallmarks of an unsustainable boom. The average price of retail purchases has fallen by... 20th February 2015 · 1 min read
UK Housing Market Data Response Housebuilding (Q4) Despite the Government pumping £1.75bn into the industry via Help to Buy equity loans, housing starts dropped for the second consecutive quarter at the end of 2014. But with early signs that housing... 19th February 2015 · 1 min read
US Housing Market Data Response Housing Starts (Jan.) With mortgage credit conditions loosening, the labour market on fire and household formation strengthening, January’s decline in housing starts should soon give way to solid gains in homebuilding. 18th February 2015 · 1 min read
UK Housing Market Data Response CML Lending Trends (2014 Q4) Advances for house purchase in the fourth quarter declined compared to the final quarter of 2013, reflecting the mood of buyer caution. But the share of loans to first-time buyers is still high, and... 17th February 2015 · 1 min read
China Chart Pack New evidence of PBOC intervention to support renminbi Data for January showed Chinese banks continuing to sell FX to the non-bank sector last month. This has a few implications. First, the fact that banks were net sellers despite a record trade surplus... 17th February 2015 · 1 min read
