US Housing Market Data Response New Home Sales (Jun.) June’s new home sales data point to a market that is struggling to capitalise on the recovery that is underway in the rest of the US economy. Yet there are good reasons to expect new home sales to... 24th July 2014 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Jun.) The BBA reported that mortgage approvals for house purchase rose for the second consecutive month in June, following upwards revisions to May’s data. That indicates that the disruption caused by the... 23rd July 2014 · 1 min read
US Housing Market Data Response Existing Home Sales (Jun.) The rise in existing home sales reflects the recent decline in mortgage interest rates,stronger job growth and the continued unwinding of the weather effect from earlier inthe year. While the legacy... 22nd July 2014 · 1 min read
Europe Economics Update Fears of a German housing bubble are overblown German house price inflation is modest by international standards, housing remains affordable andmortgage debt is low. Accordingly, fears of overheating seem overdone and should not ultimatelyprevent... 21st July 2014 · 1 min read
US Housing Market Data Response Housing Starts (Jun.) The sharp drop in housing starts in June suggests that the shortage of labour and lots is weighing on construction volumes. But the excess of household formation over homebuilding suggests that the... 17th July 2014 · 1 min read
UK Housing Market Outlook Housing market activity starts to cool Housing market activity is showing signs of cooling, with mortgage approvals, new buyer enquiries and transactions all easing in recent months. The drop in demand has helped to loosen market... 16th July 2014 · 1 min read
US Housing Market Update Survey evidence sheds light on homebuilder labour shortages Homebuilders are encountering shortages of skilled labour in the carpentry and framing trades required early in the homebuilding process. These shortages are leading to higher new build house prices... 16th July 2014 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Jun) The Teranet-National Bank national composite house price index showed that house price inflation continued to decelerate in June, to 4.4% from 4.6% in May. The past decline in the existing home sales... 15th July 2014 · 1 min read
UK Housing Market Chart Pack House prices continue to rise as FPC takes limited action The disruption caused by the MMR, plus a lack of homes available for sale, has led to a marked slowdown in housing demand. That should help bring rates of house price inflation down from their current... 14th July 2014 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Jun.) The June RICS survey provided further evidence that the housing market is cooling, with the new buyer enquiries, newly agreed sales and price expectations balances all easing. That said, stock levels... 10th July 2014 · 1 min read
US Housing Market Chart Pack House price slowdown gathering steam The pick-up in job creation, the return of more clement weather and the decline in mortgage interest rates helped home sales rise by a strong 6.1% m/m in May. However, house prices are still... 9th July 2014 · 1 min read
UK Housing Market Update Rent data cast doubt on the scale of the housing supply crisis Against the backdrop of a significant housing shortage, we would expect the cost of shelter to be a high and increasing burden on household budgets. But rent and income data show that this is not the... 4th July 2014 · 1 min read
US Housing Market Update Slowing secondary house prices indices point the way The modest rate of house price appreciation on some secondary measures stems from the fact that they exclude foreclosures and distressed sales. The Case-Shiller and CoreLogic indices, by contrast, are... 3rd July 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (Jun. 14) The further slight decline in mortgage interest rates in June was enough to bump up mortgage applications for remortgaging. But that was offset by a drop in mortgage applications for home purchase... 2nd July 2014 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jun. 14) The Nationwide reported another strong month of house price growth in June, with prices up 1% m/m. London continues to drive the rise – the pace of annual gains in the capital has now exceeded... 2nd July 2014 · 1 min read
US Housing Market Data Response CoreLogic House Prices (May 14) The monthly pace of house price gains slowed for the fourth consecutive month in May, to just 0.1% m/m. Looking ahead, loosening housing market supply conditions will keep house price inflation... 1st July 2014 · 1 min read
