US Housing Market Data Response Case-Shiller House Prices (Q3) The third successive quarterly rise in national house prices is additional evidence that housing is experiencing a sustainable upturn. The fundamentals of very favourable housing valuations and... 27th November 2012 · 1 min read
US Economics Update Housing recovery an upside risk to inflation Unless the housing recovery proves to be much stronger than we expect, it won’t provide a worrying boost to core CPI inflation. Nonetheless, the housing market poses an upside risk to our view that... 27th November 2012 · 1 min read
Canada Economics Weekly US housing recovery welcomed news for exporters The nascent US housing recovery is welcomed news for Canada's exporters, though a full fledged US economic recovery is likely to remain elusive for another year or two. Nonetheless, we anticipate some... 26th November 2012 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Oct. 12) October delivered another healthy rise in mortgage approvals, which have now increased for four months in a row. But with significant headwinds on the horizon, we doubt this is the beginning of a... 23rd November 2012 · 1 min read
Canada Economics Update Housing stagnation comes before the fall The recent decline in the sales-to-listings ratio points to home price stagnation ahead, a prospect that has already begun to scare away some condo investors. In Vancouver and Toronto, existing condo... 21st November 2012 · 1 min read
US Housing Market Data Response Housing Starts (Oct.) The further rise in housing starts in October confirms that the previous month’s very strong gain was not an unsustainable surge. With housing starts rising by 41.9% over the past year, it’s clear... 20th November 2012 · 1 min read
US Housing Market Data Response Existing Home Sales (Oct.) The improvement in existing home sales, which continued in October, is being driven by the very favourable level of housing valuations and affordability. The combination of rising demand and tight... 19th November 2012 · 1 min read
UK Housing Market Update Outlook for housebuilding still bleak The tick-up in housebuilding starts in the third quarter is likely to be a blip. With builders increasingly viewing their current stock of homes as more than adequate to meet expected demand, they... 19th November 2012 · 1 min read
US Housing Market Data Response Mortgage Delinquencies (Q3) The decline in mortgage delinquencies in the third quarter is another encouraging sign that the housing market is improving. In particular, it means that the shadow inventory of homes in imminent... 15th November 2012 · 1 min read
US Housing Market Update Is mortgage demand picking up? Conflicting signals make it hard to draw firm conclusions, but the balance of evidence increasingly suggests that mortgage-dependent buyers are starting to make more of a contribution to the housing... 14th November 2012 · 1 min read
UK Housing Market Update How effective are Government schemes in supporting new-build? The steady stream of schemes designed to help prospective homeowners buy a new home is helping to underpin new-build sales. But there is no evidence that these schemes are acting as a catalyst for a... 14th November 2012 · 1 min read
UK Housing Market Data Response RICS Housing Market Survey (Oct. 12) An improvement across nearly all the indicators in October is perhaps an early sign that housing market activity is finally starting to recover. But with demand and supply still in balance, we doubt... 13th November 2012 · 1 min read
UK Housing Market Data Response Mortgage Arrears and Possessions (Q3 12) A strong labour market combined with low and stable mortgage rates have not been able to prevent a small rise in mortgage arrears. Possessions are currently being kept low by continued lender... 8th November 2012 · 1 min read
UK Housing Market Data Response CML Buy-To-Let Lending (Q3 12) The soft tone of the latest figures on BTL lending are not a surprise given survey evidence that, after a strong 2011, demand from BTL investors has been moderating throughout the course of this year. 8th November 2012 · 1 min read
US Housing Market Data Response Mortgage Applications (Oct. 12) After rising strongly in the early part of October, mortgage applications have since dropped steadily despite the very low level of mortgage interest rates. This suggests that tight lending criteria... 7th November 2012 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Sep.) All of the small month-on-month fall in the CoreLogic house price index in September was down to predictable seasonal factors. After accounting for the usual slowdown at this time of year, house... 6th November 2012 · 1 min read
