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
UK Housing Market Chart Pack Housing market activity on the up Housing market activity is on the up as record low mortgage rates and Government interventions support demand. But supply has so far been slow to respond, with some home movers delaying putting their... 4th July 2013 · 1 min read
UK Housing Market Data Response Halifax House Prices (June 13) Halifax reports that house prices have risen for the fifth consecutive month, and on an annual basis prices are now growing at 3.7%, the highest rate in almost three years. But with more homes now... 4th July 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (Jun.) Mortgage applications for refinancing tumbled in the face of higher mortgage interest rates in June. But applications for home purchase, which are a better indicator of underlying housing demand, were... 3rd July 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (May 13) There were few signs of a slowdown in house price gains in the most recent CoreLogic data. But with supply now on the rise, double-digit price gains may not be the norm for too much longer. 2nd July 2013 · 1 min read
UK Housing Market Update Stamp duty weighs on £2m+ housing transactions The introduction in March 2012 of a new 7% stamp duty rate for homes sold for more than £2m has contributed to reduction in high-value transactions of around 12% in 2012, compared to an increase in... 2nd July 2013 · 1 min read
UK Housing Market Data Response Mortgage Lending (May.) The Bank of England reported that gross mortgage lending in May reached the highest level since the start of the financial crisis, and mortgage approvals for house purchase also saw a robust rise. But... 1st July 2013 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (May) The Land Registry reported that prices were essentially flat over May, which helped bring the annual rate of inflation down a touch to 0.5%. Prices in London are still far outperforming the rest of... 28th June 2013 · 1 min read
Africa Chart Pack Economic impact of US Fed tapering likely to be limited Financial markets in Africa have taken a hit over the past month following signals from the US Fed that it intends to taper its asset purchases under QE3. Nevertheless, we think that the economic... 28th June 2013 · 1 min read
