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
US Housing Market Data Response Mortgage Applications (Oct. 13) The latest dip in mortgage approvals offers further evidence of a moderation in the rate of the housing recovery. But if the wider economic recovery picks up speed next year as we expect, mortgage... 6th November 2013 · 1 min read
UK Housing Market Data Response Halifax House Prices (Oct. 13) Halifax reported another strong rise in house prices in October. Widespread expectations that house prices will rise in the future, fanned by ill-conceived Government interventions, have led to a... 6th November 2013 · 1 min read
US Housing Market Data Response Homeownership and Vacancy Rate (Q3 13) The homeownership rate ticked up in the third quarter of the year. But the recent drop in home sales and mortgage demand, as well as the fact that the rise was driven by older households, suggests... 5th November 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Sep. 13) The CoreLogic house price index suggests that the recent easing in house price pressures went into reverse during September. But with signs that the rise in interest rates has had a more pronounced... 5th November 2013 · 1 min read
Europe Economics Update Norway's housing boom is ending Norway’s long housing boom is losing steam. Although a collapse in prices is unlikely, the slowdown in the housing market suggests that the economy will weaken more than the consensus expects. 5th November 2013 · 1 min read
Nordic & Swiss Economics Update Norway’s housing boom is ending Norway’s long housing boom is losing steam. Although a collapse in prices is unlikely, the slowdown in the housing market suggests that the economy will weaken more than the consensus expects. 5th November 2013 · 1 min read
US Housing Market Update Has the outlook for existing home sales changed? The drop in the pending home sales numbers for September suggests that the immediate outlook for existing home sales is weak. We have therefore revised down our whole-year forecasts for 2013. The... 31st October 2013 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Oct. 13) House price gains gathered pace in October, with another strong rise over the month. The risk that these gains trigger a self-fulfilling house price boom in more areas of the country is growing, but... 31st October 2013 · 1 min read
