UK Economics Update Bank of England takes action to cool housing market Alongside the release of its Financial Stability Report, the Bank of England has unveiled new measures to blunt the incentives for banks to make new mortgage loans. While these initiatives may do... 28th November 2013 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Oct 13.) The Land Registry posted a surpise fall in house prices during October of 0.2%, and revised down September’s gain. But overall the evidence is that house price rises are becoming more widespread... 28th November 2013 · 1 min read
US Housing Market Data Response Case-Shiller Home Prices (Q3 13) National US house prices posted another solid gain in Q3 and are now rising at double-digit rates year-on-year. But this may well mark the peak of annual house price gains. 26th November 2013 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Oct. 13) The BBA reported a slight fall in mortgage approvals for house purchase in October, ending a seven month run of expansion. While we expect that approvals will continue to grow over the coming months... 25th November 2013 · 1 min read
US Housing Market Update Foreclosure overhang weighing on New York and New Jersey The rise in the foreclosure inventory in New York and New Jersey in the third quarter provides one more reason to think that housing market prospects in these two States are relatively weak. 21st November 2013 · 1 min read
UK Housing Market Data Response Housebuilding (Q3 13) A sizeable boost in new-build demand from the Help to Buy equity loan scheme has helped stimulate a recovery in housebuilding. But capacity constraints will prevent a rapid return to pre-crisis... 21st November 2013 · 1 min read
US Housing Market Data Response Existing Home Sales (Oct. 13) The further decline in existing home sales in October is the result of the earlier hike in mortgage interest rates. The immediate outlook for existing home sales is negative, but the loosening in... 20th November 2013 · 1 min read
Canada Economics Weekly Tighter mortgage rules could worsen future housing correction Finance Minister Jim Flaherty's latest threat to intervene in the housing market appears ill-timed. Although the recent pick-up in existing home sales points to some acceleration in house price... 18th November 2013 · 1 min read
US Housing Market Chart Pack More signs of a slowdown in housing market activity The latest data provide further evidence that housing market activity has come off the boil. Existing home sales declined in September, and the sharp drop in pending home sales points to more falls... 14th November 2013 · 1 min read
UK Housing Market Data Response Mortgage Arrears and Possessions (Q3 13) With the economy and labour market recovering at the same time as mortgage rates have seen further falls, it is not surprising that arrears and possessions have declined. But household finances are... 14th November 2013 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Oct.) The further acceleration in annual house price growth to 3.1% in October, from 2.7%, reflects the recent rebound in home sales. Since the latter largely reflects a rush to take advantage of low... 13th November 2013 · 1 min read
US Housing Market Focus Is the multi-family sector becoming overbuilt? Multi-family construction activity has bounced back strongly since the crash. But the pipeline of multi-family homes under construction does not look particularly large relative to the stock of... 13th November 2013 · 1 min read
UK Housing Market Focus Why are mortgage repayments on the rise? Increased housing transactions and a decline in the stock of interest-only mortgages have boosted mortgage principal repayments, and allowed lenders to advance more mortgages without having to... 13th November 2013 · 1 min read
Japan Data Response Machinery Orders (Sep.) Despite a modest fall in September, the uptrend in machinery orders remains intact and points to a further rebound in business investment. However, the recovery may not be strong enough to offset the... 13th November 2013 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Oct. 13) The latest RICS survey shows that housing market conditions are continuing to tighten, as expectations of another house price boom - fanned by Government schemes - keeps housing demand high, but the... 12th November 2013 · 1 min read
UK Housing Market Chart Pack House price expectations harden By bringing forward the launch of the Help to Buy guarantee scheme, the Government has given a further boost to expectations that house prices must rise. That has led to very tight market conditions... 7th November 2013 · 1 min read
