UK Housing Market Data Response Housebuilding (Q1) While housing completions dipped during the first quarter of 2013, this is a lagging indicator and more significantly private housing starts increased. Various Government interventions should mean... 16th May 2013 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Apr.) Although house prices rose on a month-on-month basis in April, the annual growth rate slipped to a three-and-a-half-year low of 2.0%, from 2.6% in March. As home sales continue to fall, we expect... 14th May 2013 · 1 min read
US Housing Market Update Are mortgage credit conditions loosening? Mortgage-dependent buyers have been unable to play the sort of role in this housing recovery that they have in previous cycles because mortgage credit conditions have remained tighter for longer. But... 14th May 2013 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Apr.) The April residential market survey showed that surveyors are now more optimistic about the outlook for house sales and prices. While we share some of the optimism with regards to transactions, we are... 14th May 2013 · 1 min read
US Housing Market Data Response Mortgage Delinquencies (Q1 13 The rise in mortgage delinquencies in Q1 is a reminder that it’s not all plain sailing for the housing recovery. But the gradual improvement in the labour market suggests that that the delinquency... 9th May 2013 · 1 min read
US Housing Market Chart Pack Non-distressed home sales up sharply Behind the small decline in overall home sales in March were several pieces of good news. Sales of new homes rose, an increasing share of total home sales took place under non-distressed conditions... 9th May 2013 · 1 min read
UK Housing Market Data Response CML Buy-to-Let Lending (Q1 13) The Funding for Lending Scheme proved unable to prevent a dip in buy-to-let (BTL) lending in the first quarter of 2013. While BTL lending should recover in the coming months, helped by underlying... 9th May 2013 · 1 min read
UK Housing Market Data Response Mortgage Arrears and Possessions (Q1 13) It is too soon to declare Q1’s marginal rise in arrears and possessions to be the start of a deteriorating trend. But it seems clear that the steady improvement in the data, seen since the end of the... 9th May 2013 · 1 min read
Canada Economics Update Housing's rebalancing act unlikely to be painless The downward trend in housing starts supports our long-held view that a housing correction is underway. More importantly, the slump in pre-construction condo sales and dwindling number of new project... 8th May 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (Apr.) Mortgage applications for home purchase have risen in seven of the past eight months, including in the most recent data relating to April. Taken alongside the Fed’s latest Senior Loan Officer Survey... 8th May 2013 · 1 min read
UK Housing Market Data Response Halifax House Prices (Apr. 13) The Halifax reports that house prices continued to rise in April, and at a fairly strong pace. But other housing market data are not so positive, and taken together that suggests prices are just... 8th May 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Mar. 13) The further rise in house prices in March may prompt further concerns that prices are entering bubble territory. But a closer look suggests that it would take several more years of prices increasing... 7th May 2013 · 1 min read
UK Housing Market Chart Pack Housing market flat over first quarter of 2013 Various Government interventions, particularly the FLS, have given the housing market a gentle upwards nudge. But early hopes that 2013 would be a year of strong recovery will not be realised, and... 7th May 2013 · 1 min read
US Housing Market Update Homeownership rate likely to fall further yet Tight credit conditions and the backlog of foreclosures still to be worked through mean that the homeownership rate will slide lower over the next year or so. But with owner-occupation still the... 2nd May 2013 · 1 min read
UK Data Response Nationwide House Prices (Apr. 13) The very slight drop in house prices recorded in April points to a housing market holding its ground. While prices in London are likely to see some further gains in coming months, prices for the UK as... 1st May 2013 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates & Case-Shiller (Q1/Feb) Some 14 months after the trough in house prices, the homeownership rate is still declining. In other words, although there are some signs that conventional, mortgage-dependent buyers are playing more... 30th April 2013 · 1 min read
