UK Housing Market Data Response Land Registry Repeat Sales Index (Dec.13) The Land Registry reported that house prices ended the year on a strong note, with December seeing the strongest month-on-month gain since July. Nearly all regions saw a rise in prices over 2013, but... 29th January 2014 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jan.14) There is no sign that the recovery in the housing market is moderating, with prices rising by 0.7% in January according to the Nationwide. Prices have now risen for 12 consecutive months, a feat last... 29th January 2014 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Nov. 13) Monthly house price inflation has been in the 0.7%-1.2% range since mid-2013, and November was no exception. But the number of locations in the Case-Shiller 20-City index which are seeing a moderation... 28th January 2014 · 1 min read
US Housing Market Data Response New Home Sales (Dec.13) The large decline in new home sales in December was probably driven by last month’s unseasonably severe winter weather. Sales activity in January is likely to be weak for similar reasons. But we... 27th January 2014 · 1 min read
UK Housing Market Focus Is the housing market in a new bubble? Viewed in isolation and given the wider economic recovery, it seems premature to label the housing market upturn as a bubble. Yet, the recovery has come from a point where prices already appeared too... 27th January 2014 · 1 min read
Japan Economics Weekly Can special zones revive the property market? The government’s proposal to allow residential properties to be built on some areas of commercial land is unlikely to lead to the hoped-for surge in property prices. With a larger supply of... 27th January 2014 · 1 min read
US Housing Market Update Why is homebuilding so low in States with rapidly rising prices? The subdued level of homebuilding in Nevada, Arizona, California and Florida is primarily a legacy of the glut of cheap, distressed homes which flooded the market during the recession and crowded out... 24th January 2014 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Dec.13) The BBA reported another rise in the number of mortgages approved in December, which are now up 42% on a year earlier. While there is no sign yet that this risks turning into a lending boom, it is not... 24th January 2014 · 1 min read
US Housing Market Data Response Existing Home Sales (Dec.13) It’s too early to conclude that the small increase in existing home sales in December marks the end of the weaker period for sales. But the rise looks consistent with a fading of the negative impact... 23rd January 2014 · 1 min read
UK Housing Market Update Are we heading for another mortgage credit boom? The growth in mortgage lending seen over the past year will continue into 2014, but we doubt it will develop into a credit boom. Not only are banks unlikely to return to the type of lending practices... 21st January 2014 · 1 min read
US Housing Market Data Response Housing Starts (Dec.13) The drop in housing starts in December was more or less in line with expectations and is explained by the surge in housing starts in the previous month and the winter storms in December. We continue... 17th January 2014 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Dec. 13) RICS reported another robust set of housing market indicators in December, which may increase fears that a new house price boom is in the making. But there aresome early signs that housing market... 16th January 2014 · 1 min read
Japan Data Response Machinery Orders (Nov.) Machinery orders surged to a five-year high in November and point to a renewed recovery in business investment. However, overall investment may still weaken in coming months as residential investment... 16th January 2014 · 1 min read
Canada Economics Update Declining home sales to constrain economic growth The third consecutive monthly decline in existing home sales in December provides more evidence that the earlier surge seen last summer was mainly a pulling forward of home purchases in response to... 15th January 2014 · 1 min read
US Housing Market Update Will existing home sales follow new home sales upwards? The slump in existing home sales has set the recovery in housing market activity back by 12 months. But there are good reasons to think that, like the timelier new home sales series, the decline in... 15th January 2014 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Dec.) The further uptick in house price inflation to a 16-month high of 3.8% in December, from 3.4%, is consistent with the earlier pick-up in existing home sales seen over the summer. If the recent descent... 14th January 2014 · 1 min read
