US Housing Market Data Response Housing Starts (Mar.) The rebound in housing starts in March does little to hide the fact that homebuilding activity remains close to rock bottom. With both the demand and need for new homes still very low, housing starts... 19th April 2011 · 1 min read
UK Housing Market Update Will high inflation prevent nominal house price falls? The required correction in real house prices will not be delivered via above-target inflation. With earnings growth failing to keep pace with inflation, in order to close the gap between house prices... 18th April 2011 · 1 min read
UK Housing Market Data Response RICS Housing Survey & CLG House Prices (Mar/Feb) Very weak activity levels continued to exert a downward pressure on house prices in March. But while prices in London reportedly rose, in other regions the evidence suggests that the housing market... 12th April 2011 · 1 min read
US Housing Market Chart Pack Still in the doldrums The further fall in house prices at the end of last year has made housing look more under-valued relative to income than ever before. (See Chart below.) This appears to be attracting cash buyers and... 7th April 2011 · 1 min read
US Housing Market Data Response Mortgage Applications (Mar.) Continued low mortgage rates and favourable housing valuations are still failing to stimulate mortgage demand, with mortgage applications for home purchase in March still close to record lows. 6th April 2011 · 1 min read
UK Data Response Halifax House Prices (Mar.) Last month’s marginal increase in house prices is unlikely to set a trend for the rest of this year. With lenders further restricting the availability of credit and the fiscal squeeze intensifying... 6th April 2011 · 1 min read
UK Commercial Property Update Cautious view on Central London office rents still looks right The tight supply of available space in Central London office markets is likely to boost rental values this year. But there has recently been a pretty steady flow of less encouraging demand data... 5th April 2011 · 1 min read
UK Housing Market Chart Pack Subdued activity suggests price stability is unlikely to last Last month’s housing market news-flow may have been slightly more positive than of late, but it didn’t change the underlying picture of a market that remains severely depressed. And if unemployment... 4th April 2011 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Mar.) The latest rise in the Nationwide house price index adds to a number of recent data releases suggesting that prices may have stabilised in recent months. Although the extent of any further house price... 31st March 2011 · 1 min read
US Housing Market Data Response House Prices (Jan.) The housing market began 2011 in the same vein as it ended 2010, with prices heading south. Moreover, while the latest risk retention housing reform proposals are good for the long-term health of the... 29th March 2011 · 1 min read
UK Housing Market Data Response Mortgage Lending (Feb.) Despite February’s small rise, mortgage approvals for house purchase remain below the level reported in November, before December’s surprise plunge. And looking further back, approvals are just 40% of... 29th March 2011 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Feb.) The small gain in house prices in January is unlikely to signal an end to the weakening trend in house prices. Indeed, if our economic forecasts are correct, the downward pressures on house prices are... 28th March 2011 · 1 min read
US Housing Market Data Response New Home Sales (Feb.) The 16.9% m/m decline in new home sales to a record low of only 250,000 annualised in February, from 301,000 the month before, underlines just how bad conditions in the housing market still are. 23rd March 2011 · 1 min read
US Data Response New Home Sales (Feb.) The 16.9% m/m decline in new home sales to a record low of only 250,000 annualised in February, from 301,000 the month before, underlines just how bad conditions in the housing market still are. 23rd March 2011 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Feb 11) After falling fairly steadily through 2010, the latest rise suggests that mortgage approvals for house purchase may be finding a floor. But the bigger picture is that, with approvals for house... 23rd March 2011 · 1 min read
UK Housing Market Update How significant are the latest house price expectations data? The latest house price expectations surveys remain negative, but are not signalling an adjustment on anything like the scale seen in 2008-09. Nevertheless, their record in anticipating house price... 21st March 2011 · 1 min read
