US Housing Market Chart Pack New home sales make up for earlier rate-related losses The sharp 25.4% m/m increase in new home sales in October reversed the decline during the previous three months and left new home sales back at their level before mortgage interest rates rose. That's... 12th December 2013 · 1 min read
UK Housing Market Update Will market conditions loosen in the spring? Current concerns about the pace of house price gains could prove short-lived if a sharp rise in sales instructions helps to rebalance the market in the spring. But with rising house price expectations... 11th December 2013 · 1 min read
US Housing Market Outlook 2014 will see a slowdown in the housing recovery The housing market recovery is entering a new phase. The rapid bounce in house prices, which was driven by strong investment buying and tight supply conditions, will soon start to moderate. The... 11th December 2013 · 1 min read
Japan Data Response Machinery Orders (Oct.) The rise in machinery orders in October leaves the uptrend intact and should ease concerns that the fledgling recovery in business investment has already come to an end. 11th December 2013 · 1 min read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q3 13) Six months after the launch of Help to Buy, detailed mortgage lending statistics show little evidence of a rise in the share of new mortgages being advanced on the basis of a 5% deposit. But there has... 10th December 2013 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Nov. 13) While buyer interest continues to build, sellers are reluctant to return to the market. A growing disparity between the number of active buyers and sellers does not seem a healthy basis for the upturn... 10th December 2013 · 1 min read
Canada Economics Update Housing will become a drag on economy next year While the recent condo-driven pick-up in housing starts will provide a boost to fourth-quarter residential investment, the slump in new home sales suggests it will be reversed next year, making... 9th December 2013 · 1 min read
UK Housing Market Update Could capital gains tax changes help boost short-term housing supply? Yesterday’s announcement that foreign owners of property will be liable for CGT from April 2015 is unlikely to encourage those owners to sell up, as it will only apply to future gains. But the move to... 6th December 2013 · 1 min read
UK Housing Market Data Response Halifax House Prices (Nov 13.) There is no sign that the housing market is losing momentum as the year draws to a close, with prices up a substantial 1.1% during November. That will add to the pressure on the Bank of England to do... 6th December 2013 · 1 min read
UK Housing Market Chart Pack Housing market recovery continues The housing market is still some way off boom territory, with mortgage approvals 40% below pre- crisis levels and annual house price inflation under 5% in most regions. But with market conditions... 5th December 2013 · 1 min read
US Housing Market Data Response New Home Sales (Sep. 13 & Oct. 13) New home sales were still suffering the effects of the rise in mortgage interest rates in September, but fully made up for their earlier weakness in October. In other words, higher rates do not appear... 4th December 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (Nov 13.) The slight rise in mortgage applications for home purchase in November was not enough to undo earlier falls. But it was a step in the right direction and we expect mortgage activity to pick up... 4th December 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Oct. 13) With the release of the CoreLogic house price index for October it’s clear that the pace of monthly house price gains has accelerated in recent months. But we continue to expect price gains to slow... 3rd December 2013 · 1 min read
UK Housing Market Update Bank of England starts to take away the punch bowl The Bank of England has started the slow process of withdrawing support to the mortgage market. In our view, the acceleration of the review into the introduction of an industry-wide leverage ratio is... 2nd December 2013 · 1 min read
UK Housing Market Data Response Mortgage Lending (Oct.13) The Bank of England reported that mortgage approvals for house purchase continued to grow in October, although at a slower pace than in the recent past. Rigorous affordability tests appear to be... 29th November 2013 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Nov. 13) There is no sign that the gains to house prices are losing any momentum, with a rise of 0.6% in November according to the Nationwide. But we still doubt this will develop into a widespread house price... 29th November 2013 · 1 min read
