UK Housing Market Data Response Land Registry Repeat Sales Index (Jun.) The Land Registry reported that house prices increased by 0.6%m/m in June. But there is scant evidence that house prices are about to take-off - the annual rate stayed in the narrow band of 0.2% to 0... 26th July 2013 · 1 min read
UK Commercial Property Chart Pack First meaningful capital value rise in two years Initial yields edged down in June. Combined with the small rise in rental values, this was enough for all-property capital values to increase by 0.2%m/m. This was the first significant increase in... 25th July 2013 · 1 min read
US Housing Market Data Response New Home Sales (Jun 13.) The strong rise in new home sales in June means that the housing market has come through its first major test of higher mortgage rates unscathed. 24th July 2013 · 1 min read
UK Economics Update Help to Buy may help to re-elect The Chancellor is today meeting major lenders and housebuilders to discuss how the second (mortgage guarantee) element of the Government’s Help to Buy programme will work. While the policy has been... 23rd July 2013 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Jun 13.) Mortgage lending by the major high street banks increased for the fourth consecutive month in June, funded by a further rise in mortgage repayments. But compared to May and April, the growth in... 23rd July 2013 · 1 min read
US Housing Market Data Response Existing Home Sales (Jun 13.) The decline in sales and the rise in inventories means that supply conditions in the existing homes market are now the loosest they have been this year. That looks consistent with a slowdown in the... 22nd July 2013 · 1 min read
Europe Economics Update Spanish house prices still have much further to fall There is little sign that the Spanish housing downturn will come to an end any time soon. Not only does this spell bad news for households, it will also pile even more pressure on the troubled banks. 22nd July 2013 · 1 min read
UK Housing Market Update Is gross or net mortgage lending more relevant for house prices? In the short term, whether gross or net mortgage lending matters more for house prices depends on the type of mortgage repayments being made. In that regard, with the recent rise in repayments being... 18th July 2013 · 1 min read
US Housing Market Update New York City house price growth may slow Helped by attractive jumbo mortgage rates and interest from foreign buyers, house price growth in New York City is well above the national average rate. But we stand by our call that price growth in... 18th July 2013 · 1 min read
US Housing Market Data Response Housing Starts (Jun.) Housing starts extended their recent rollercoaster ride in June, falling by 9.9% m/m. This reflects a characteristically volatile multi-family sector rather than renewed weakness, and we expect... 17th July 2013 · 1 min read
UK Housing Market Outlook An improving economy will help boost housing market activity Record low mortgage rates, the equity loan component of the Government’s Help to Buy scheme and a general improvement in the economic environment have helped activity in the housing market to recover... 17th July 2013 · 1 min read
US Housing Market Update Easing cost pressures a further boost to homebuilders The 25% fall in lumber prices in the past two months is helping to relieve cost pressures on homebuilders. Combined with surging homebuilder confidence, it looks like housing starts are set to rise... 11th July 2013 · 1 min read
US Housing Market Chart Pack Spike in mortgage rates not derailing recovery The benchmark 30-year mortgage rate has risen from 3.6% two months ago to 4.7% last week. The effect on remortgaging volumes has been considerable – applications for remortgaging have halved in the... 10th July 2013 · 1 min read
Canada Economics Update Home building unlikely to defy gravity for long The recent condo-surge which propelled housing starts to levels above demographic requirements in the second quarter is not convincing evidence that the housing slowdown is over. More timely... 9th July 2013 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Jun.) Housing market activity continues to pick-up, and the balance of surveyors expecting a further increase in sales is at a record high. But house prices are only expected to rise modestly over the next... 9th July 2013 · 1 min read
US Housing Market Update Foreign buyers peripheral to housing recovery A couple of years ago, a lot was being made of the potential for foreign buyers to come to the rescue of the housing market. We were dubious of these claims at the time, and a recent NAR survey seems... 8th July 2013 · 1 min read
