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
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
