Canada Data Response Teranet-National Bank House Prices (May) The latest Teranet house price data provide some early evidence that the slowdown in house price inflation continued in May. The past decline in existing home sales and the steady rise in the number... 12th June 2014 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (May 14) The RICS survey provides further evidence that the surge in housing demand seen over the past year is losing momentum. But the housing market is not grinding to a halt, and the FPC will be mindful... 12th June 2014 · 1 min read
US Housing Market Chart Pack Sales and starts show fresh signs of life The most recent data have provided support for our view that the sharp drop in sales and starts seen over the past few months would prove temporary. New and existing home sales, as well as housing... 11th June 2014 · 1 min read
UK Housing Market Data Response Mortgage Lenders and Administrators statistics (Q1 14) The Help to Buy mortgage guarantee scheme has helped to almost double the share of mortgages advanced with a deposit of under 10%. And despite the gradual introduction of the MMR, the share of... 10th June 2014 · 1 min read
UK Housing Market Chart Pack Housing demand cools but prices still under upwards pressure The surge in pent up housing demand released over the past year looks to be losing steam, and the disruption caused by the MMR has brought a, probably temporary, halt to the growth in mortgage lending... 5th June 2014 · 1 min read
Canada Economics Update Slowdown in housing to hit new motor vehicle sales Our fear is that the impressive recovery in new motor vehicle sales since the recession ended, which was driven principally by a surge in light truck sales, will fade as the housing boom falters... 5th June 2014 · 1 min read
Europe Economics Update Housing & energy still constraints on Norwegian growth Although we have nudged up our forecasts in light of recent data, Norway’s economy is still set to expand by less than the Norges Bank expects. This may prompt it to delay raising rates until 2016. 5th June 2014 · 1 min read
UK Housing Market Data Response Halifax House Prices (May 14) The very large rise in house prices reported by the Halifax in May comes after two months of declines, and underlying measures of growth are stable. Even so, expectations of house price gains are... 5th June 2014 · 1 min read
China Economics Update Local government dependence on property exaggerated The ongoing slowdown in the property sector is hitting land sales, which some have suggested has worrying implications for local government finances. We think the risks are being exaggerated and that... 5th June 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (May 14) The fall in mortgage applications for home purchase over the past week left them languishing at a six-week low. But with housing still undervalued, the economy gathering momentum and mortgage interest... 4th June 2014 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Apr. 14) CoreLogic house price data for April show that the annual pace of house price gains moderated for the second consecutive month. While the process still has some way to go, the data add to the evidence... 3rd June 2014 · 1 min read
UK Housing Market Data Response Nationwide House Prices (May 14) The Nationwide reported a 0.7% m/m rise in house prices in May. This reflects the fact that, despite the recent dip in mortgage approvals, housing demand is still outpacing the supply of homes on the... 3rd June 2014 · 1 min read
US Housing Market Focus What next for the US housing market? The US housing market will recover from its current soft patch to post strong gains in home sales and housing starts over the next couple of years. By contrast house price growth will slow, but this... 2nd June 2014 · 1 min read
UK Housing Market Data Response Mortgage Lending (Apr.14) According to the Bank of England mortgage approvals fell again in April, and are now 17% below their peak at the start of the year. Some of the decline is likely to reverse once the disruption caused... 2nd June 2014 · 1 min read
UK Data Response Markit/CIPS Report on Manuf. (May) & Mortgage Approvals (Apr.) The latest data on the manufacturing sector and household borrowing has provided more encouraging evidence that the economic recovery is shifting away from its excessive dependence on housing and... 2nd June 2014 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Apr.) The Land Registry figures show that prices in London continue to boom, with prices up £17,645 during April alone. While the Help to Buy mortgage guarantee scheme is not directly responsible for the... 30th May 2014 · 1 min read
