US Housing Market Chart Pack Supply of homes nears record low At 2.07m, the inventory of homes for sale fell to its lowest level since 1994 in January, and is the sixth lowest level ever recorded in the 30-year history of the data. With home sales now at a... 12th March 2013 · 1 min read
UK Housing Market Data Response RICS Housing Market Survey (Feb. 13) Housing market activity continues to improve. But prices are still falling and if anything, given record low mortgage rates, the recovery has been disappointing. 12th March 2013 · 1 min read
Canada Data Response Labour Force Survey & Housing Starts (Feb.) February's 50,700 gain in employment (the consensus estimate was +8,000) is a big surprise given how weak GDP growth has been recently. Even after taking into account the 21,900 jobs lost in January... 8th March 2013 · 1 min read
UK Housing Market Chart Pack Housing market recovery far from guaranteed Positive news on the housing market in the past few months has led to some renewed optimism that the market may be turning the corner. But more recent data serve to highlight that this optimism may be... 7th March 2013 · 1 min read
US Housing Market Outlook Still gaining momentum Rebounding household formation and continued investor interest will help housing demand rise further this year. And while supply conditions will stop tightening, they will remain very tight. The... 7th March 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (Feb.) The increase in mortgage interest rates in February weighed on mortgage applications for home purchase and took some heat out of the refinancing boom. But rates are still very low and will continue to... 6th March 2013 · 1 min read
UK Housing Market Data Response Halifax House Prices (Feb. 13) House prices increased in February, with the annual rate of growth the highest in 2½ years. But market fundamentals argue against a sustained improvement. 6th March 2013 · 1 min read
UK Housing Market Update The FLS is giving smaller lenders a helping hand Smaller mortgage lenders are continuing to take market share from the established big lenders. Primarily, this reflects most big lenders consciously reducing the size of their mortgage books after... 5th March 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jan. 13) House prices rose strongly at the start of 2013 and are likely to perform well across the year as a whole. This is set to be another tear-away year for the housing recovery. 5th March 2013 · 1 min read
UK Commercial Property Data Response CIPS/Markit Construction PMI (Feb. 13) The stabilisation in commercial property construction in January proved to be only temporary, with the CIPS/Markit PMI falling back to 45.5 in February, a three-year low. Given occupier demand is... 4th March 2013 · 1 min read
UK Data Response CIPS Report on Manuf. (Feb.) & Mortgage Approvals (Jan.) February’s CIPS manufacturing survey added to evidence that it is touch and go whether the economy has avoided entering a triple-dip recession. 1st March 2013 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Feb.) & Mortgage Lending (Jan. 13) Today’s housing market data highlight the risk that the renewed optimism towards the market which has been evident in recent weeks may be running ahead of itself. The broadly flat picture for house... 1st March 2013 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Jan. 13) January’s house price data provide little evidence that the modest improvement in national house price indices in recent months has become any less reliant on the strength of London. 28th February 2013 · 1 min read
China Economics Update Housing still on unsustainable path A slowdown in property construction was the main reason that China’s economy slowed last year. Even so, the sector remains on an unsustainable path. It may be years before policymakers can sensibly... 28th February 2013 · 1 min read
US Housing Market Data Response Case-Shiller Prices & New Home Sales (Q4/Jan.) House prices ended 2012 on a high note and new home sales got off to a very strong start in 2013. Put simply, the housing recovery continues to accelerate. 26th February 2013 · 1 min read
Europe Economics Update Norway’s housing boom won’t force rates higher Norway is in the midst of a long housing boom, but prices are not as over-valued as some valuation measures suggest. Given other downward risks to the economic outlook, we think that interest rates... 26th February 2013 · 1 min read
