UK Housing Market Data Response Halifax House Prices (Dec. 12) Another increase in house prices during December suggests that the underlying trend in the housing market is improving. But with 2013 likely to bring further headwinds to housing demand, we doubt this... 7th January 2013 · 1 min read
UK Housing Market Data Response Mortgage Lending (Nov. 12) Mortgage approvals for house purchase increased for the fifth month in a row in November, but the pace of improvement is showing signs of slowing down. 4th January 2013 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Dec.) Today’s data from the Nationwide showed that house prices fell by 1% over 2012. With another challenging year for the economy ahead, further falls are likely. 3rd January 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (Dec.) The rise in home purchase mortgage applications in December took the run of increases to four months. Admittedly, they remain low by past standards. But at least these data add to the growing sense... 2nd January 2013 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Nov.) Alongside other house price data, today’s Land Registry figures showed that house prices increased marginally towards the end of 2012. But with 2013 set to be another challenging year for the economy... 2nd January 2013 · 1 min read
US Housing Market Data Response Existing Home Sales (Nov. 12) Another strong gain took existing home sales above the five million mark, and to a three-year high, in November. Moreover, supply conditions tightened further and are consistent with house prices... 20th December 2012 · 1 min read
UK Housing Market Update Will the pent-up demand for housing be unleashed soon? The latest survey on household finances from the Bank of England paints a fairly bleak picture of potential first-time buyers’ finances. And with the average deposit required by lenders still... 20th December 2012 · 1 min read
US Housing Market Data Response Housing Starts (Nov. 12) The fall in housing starts in November should prove to be no more than a temporary set-back. The forward-looking indicators point to a decent rise in starts in December, and a continued underlying... 19th December 2012 · 1 min read
Canada Economics Update Moderating housing trends mimic US slowdown The continued decline in existing home sales support our view that a potentially severe housing correction is underway. Assuming that sales continue to trend lower heading into next year, then sharper... 17th December 2012 · 1 min read
UK Housing Market Update Could 2013 bring a positive surprise to the housing market? The housing market could benefit from a number of positive surprises in 2013. In particular, two thatspring to mind are an acceleration of the take-up of the Funding for Lending Scheme, and ongoing... 14th December 2012 · 1 min read
US Housing Market Update Rebound in household formation to support rental market Rebounding household formation will be a tailwind for the housing recovery. But with the overwhelming majority of newly forming households over the next few years set to rent rather than own their... 13th December 2012 · 1 min read
UK Commercial Property Update Weak economic outlook points to prolonged rental stagnation Rather than the direct measures announced (e.g. REIT changes), the more relevant aspect of the Autumn Statement for the commercial property sector was probably the confirmation that a strong economic... 11th December 2012 · 1 min read
US Housing Market Chart Pack Surge in HARP refinancing continues The typical guarantee fee charged by Fannie Mae and Freddie Mac to lenders rose to a high of 46 basis points in early December. Mortgage borrowers will soon see fees rise as a result, but this will... 11th December 2012 · 1 min read
UK Housing Market Data Response FSA Mortgage Lending Statistics (Q3 12) FSA data on the mortgage market in the third quarter make for grim reading, with lending down but mortgage rates and arrears both up. While it is too early for the FLS to have had an effect on these... 11th December 2012 · 1 min read
UK Housing Market Data Response RICS Housing Market Survey (Nov. 12) After a surprisingly strong set of results last month, a softening across most of the indicators in the November RICS survey confirms that the housing market is still very depressed. 11th December 2012 · 1 min read
Canada Economics Update Housing investment decline likely to worsen The declining trend in housing starts supports our view that a housing correction is underway. The slump in new and existing home sales suggest that this slowdown will worsen next year, hitting the... 10th December 2012 · 1 min read
