UK Housing Market Outlook House prices set for further gains in 2014 The housing market finished 2013 strongly with prices and transactions both on upward trends. That momentum will continue into this year and, helped by an improving labour market, our central forecast... 13th January 2014 · 1 min read
Canada Economics Weekly Housing affordability threatened by rising mortgage rates We expect mortgage rates to rise further this year, posing a threat to housing affordability for prospective home buyers. With average house prices already far too high relative to household incomes... 13th January 2014 · 1 min read
Nordic & Swiss Economics Update Norway set for several years of below-trend growth The Norwegian economy will slow more than the consensus expects over the coming years as its two major tailwinds in recent years – booms in the housing and energy sectors – fade out. 13th January 2014 · 1 min read
US Housing Market Chart Pack Sharp rise in housing starts The strong 22.7% m/m increase in housing starts in November was an encouraging sign that the rise in mortgage interest rates is not a permanent setback for the homebuilding recovery. This gain echoed... 10th January 2014 · 1 min read
UK Housing Market Chart Pack House prices end 2013 on a strong note There are now signs that the housing market recovery is broadening out to the rest of the country, leading to increased fears that a new house price boom is on the way. That is certainly a risk, but... 9th January 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (Dec.13) The drop in mortgage applications in December reflects the increase in mortgage interest rates over the past two months. But if the wider economy continues to pick up speed during 2014 as we expect... 8th January 2014 · 1 min read
UK Housing Market Data Response Bank of England Credit Conditions Survey (Q4 13) The tone of the latest Credit Conditions survey was positive, with the supply of and demand for credit rising in both the residential and commercial property sectors in Q4 last year. But lenders seem... 8th January 2014 · 1 min read
UK Housing Market Data Response Halifax House Prices (Dec.13) Halifax report that after rising for every month of the year since February, house prices unexpectedly dipped during December. A further rise in prices in 2014 is likely, but an increase in the number... 8th January 2014 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Nov.13) It’s too early to tell if the marginal dip in the annual pace of house price inflation in November marks the start of the slowdown in price gains that we are expecting. But we are confident that... 7th January 2014 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Dec 13.) & Mortgage Lending (Nov 13.) The economic recovery is still not being accompanied by any marked pick-up in household borrowing. And with borrowing costs likely to increase in coming months, the chances of a credit boom in 2014... 3rd January 2014 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Nov.13) The British Bankers’ Association (BBA) reported that the number of mortgage approvals for house purchase rose to a four-year high in November. However, approvals are still at a low level and we think... 24th December 2013 · 1 min read
US Housing Market Data Response Existing Home Sales (Nov.) The further decline in existing home sales to 4.90 million annualised in November, from 5.12 million the month before, reflects the continuing impact of the marked rise in mortgage rates earlier this... 19th December 2013 · 1 min read
UK Housing Market Focus Will Mark Carney need to rein in the housing market? The recovery in house prices has been accompanied by concerns that an unsustainable bubble is developing. At the moment, the indicators on housing market activity favoured by the Bank of England are... 18th December 2013 · 1 min read
US Housing Market Data Response Housing Starts (Sep., Oct. & Nov. 13) The strong rise in housing starts in November is an encouraging sign that homebuilders have not been overly spooked by higher mortgage interest rates. And with starts still below the level needed... 18th December 2013 · 1 min read
Canada Economics Weekly Canada still facing multitude of risks The Bank of Canada's latest semi-annual Financial System Review was a stark reminder that a lot could go wrong for Canada over the next year or two. While highlighting the progress in Europe, it now... 16th December 2013 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Nov.) The further acceleration in house price inflation to a 13-month high of 3.4% in November, from 3.1%, reflects the pick-up in existing home sales seen earlier this year. Most recently existing home... 12th December 2013 · 1 min read
