UK Housing Market Data Response Mortgage Lending (Jul.) The Bank of England reported that mortgage approvals for house purchase contracted marginally in July. But with the disruption caused by the MMR fading and a strong economic backdrop, lending should... 1st September 2014 · 1 min read
UK Housing Market Data Response Nationwide (Aug.) & Land Registry (Jul.) House Prices The Nationwide and Land Registry both reported strong month-on-month rises in house prices in August and July respectively. But underlying measures suggest the momentum in the market is now... 29th August 2014 · 1 min read
US Housing Market Update What next for house prices? The house price slowdown that we have long-expected picked up a gear in recent months, suggesting that our forecast for house price inflation to slow to 4% next year is on track . 28th August 2014 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Jun.) The monthly Case-Shiller 20-City measure of house prices posted its second consecutive fall in June. Year-on-year house price inflation has slowed considerably this year, in line with our long... 26th August 2014 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Jul.) The BBA reported that banks approved fewer mortgages for house purchase in July compared to the previous month. But with the employment rate close to a record high and house price expectations... 26th August 2014 · 1 min read
US Housing Market Data Response New Home Sales (Jul.) The decline in new home sales in July, albeit from an upwardly revised level in June, is further evidence that the new homes sector is failing to share in the wider economic recovery. Nevertheless... 25th August 2014 · 1 min read
US Economics Weekly Recovery in small business lending to gather pace The main reason why the stock of loans to small businesses has yet to surpass its previous peak is because weak sales have restrained the demand for new borrowing. The recent rise in the NFIB small... 22nd August 2014 · 1 min read
US Housing Market Data Response Existing Home Sales (Jul.) The unexpected gain in existing home sales in July extends the run of rising sales to four months. Recent falls in mortgage interest rates and the steadily improving labour market mean that the... 21st August 2014 · 1 min read
UK Housing Market Data Response Housebuilding (Q2) The marginal gain in housing starts in the second quarter suggests that material and labour shortages are constraining housebuilders’ output. Despite the impetus from the Help to Buy equity loan... 21st August 2014 · 1 min read
UK Housing Market Update How much of London’s boom can be explained by prime markets? The surge in London house prices in recent years is often largely attributed to the relative strength of prime property, which itself is usually seen as the latest stage of a long standing trend... 20th August 2014 · 1 min read
US Housing Market Data Response Housing Starts (Jul.) The sharp rise in housing starts in July is an encouraging sign that the recovery in construction activity is getting back on track. Booming homebuilder confidence points to further gains to come. 19th August 2014 · 1 min read
US Economics Weekly Plenty to talk about at Jackson Hole Federal Reserve officials will be heading to their annual policy get together at Jackson Hole later this week. We expect little in the way of direct insights into the monetary policy outlook... 18th August 2014 · 1 min read
US Housing Market Update Prime mortgage credit loosening despite new lending rules Mortgage credit conditions are loosening once again and the demand for mortgages is strengthening. Moreover, this is despite the introduction of the Consumer Finance Protection Bureau’s ability-to... 14th August 2014 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Jul.) New buyer enquiries contracted marginally in July according to the RICS survey, which should help cool house price inflation. But the stock of property on the market is still very low, and price... 14th August 2014 · 1 min read
UK Housing Market Update Why has remortgaging activity not recovered? Despite most remortgages not being subject to the MMR regulations, remortgaging activity is still very subdued. It is a lack of demand for remortgages that is holding back the market, and that will... 13th August 2014 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Jul.) The Teranet-National Bank national composite house price index showed that house price inflation accelerated somewhat to 4.9% in July, from 4.4% in June. The sales-to-listings ratio suggests that... 13th August 2014 · 1 min read
