UK Economic Outlook Recovery built on solid foundations Although the revival in housing market activity may lose some pace as a result of new regulations and rising mortgage rates, we doubt that this will derail the recovery in consumer spending. 29th May 2014 · 1 min read
US Housing Market Focus Shale will drive local housing market outperformance North Dakota owes its position as the strongest performing housing market in the US to the scale of shale oil and gas production in the State. Housing markets in a number of the other States sharing... 28th May 2014 · 1 min read
US Housing Market Data Response Case-Shiller Home Prices (Q1 14) The first quarter Case-Shiller figures provide further evidence that the slowdown in the pace of house price gains that we have been expecting is now in train. It’s not implausible that the year-on... 27th May 2014 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Apr. 14) The British Bankers’ Association reported that mortgage approvals dropped once again in April, and are now around 13% down on their peak in January. As such the data do little to support the idea of a... 27th May 2014 · 1 min read
US Housing Market Data Response New Home Sales (Apr. 14) In April, new home sales reversed most of the previous month’s decline to stand just4% below the high seen in October last year. Alongside yesterday’s modest rise inexisting home sales, the data... 23rd May 2014 · 1 min read
UK Housing Market Update Has the National Planning Policy Framework cut planning constraints? Alongside the rise in housing starts, the number of residential planning applications decided and the share approved have also edged up. That may partly be due to the introduction of a new planning... 23rd May 2014 · 1 min read
US Housing Market Data Response Existing Home Sales (Apr.14) Existing home sales registered their first rise in four months in April. And to the extent that a lack of stock has been holding back activity rates in recent months, the further rise in the number of... 22nd May 2014 · 1 min read
UK Housing Market Update Do revisions to the National Accounts alter the housing market picture? This September, changes to how pensions are measured in the National Accounts will trigger a large upwards revision to the household saving ratio. But while that will make the long-term financial... 21st May 2014 · 1 min read
Canada Economics Weekly Housing correction only a matter of timing While the recent strength of Canada's housing market has been astounding, the regional breakdown reveals that it has begun to fray at the edges. With house prices already declining in some smaller... 19th May 2014 · 1 min read
UK Housing Market Data Response Housing Starts (Apr.) The strong rise in housing starts in April will ease fears that the recent soft patch in housing market activity will turn into an extended slowdown. 16th May 2014 · 1 min read
China Data Response Hong Kong GDP (Q1 14) Hong Kong’s economy slowed sharply in Q1, due to a slump in exports. However, the slowdown is likely to prove temporary, and we expect growth to rebound over the coming quarters as the global economic... 16th May 2014 · 1 min read
US Housing Market Data Response Mortgage Delinquencies (Q1 14) Last year’s rise in mortgage interest rates may have dented home sales and housing starts, but it has not dented the downward trend in the number of US households suffering mortgage payment problems... 15th May 2014 · 1 min read
UK Housing Market Data Response Housebuilding (Q1 14) Private housing starts have made a very strong start to the year. Unfortunately, various constraints suggest that this pace of growth will be difficult to sustain. 15th May 2014 · 1 min read
UK Housing Market Data Response CML Lending Trends (2014 Q1) Advances for house purchase to first-time buyers and buy-to-let investors are growing at a similar robust pace. But first-time buyers are entering the market by borrowing record amounts in comparison... 15th May 2014 · 1 min read
UK Housing Market Chart Pack Housing market sending out mixed messages There were further indications that housing market activity is at least no longer accelerating in April, with mortgage approvals dropping for the second consecutive month and some measures of house... 14th May 2014 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Apr.) Although the Teranet measure of house price inflation ticked up to 4.9% in April, from 4.6%, the earlier decline in existing home sales suggests some moderation in house price gains this year. Our... 14th May 2014 · 1 min read
