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
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
