UK Housing Market Data Response BBA Mortgage Lending (Oct.) This morning’s marginal rise in the total number of mortgages approved in October is not particularly encouraging, given that approvals for house purchase are still falling. With both lenders and... 23rd November 2010 · 1 min read
UK Housing Market Update How concerned should we be about the latest drop in house-building? The fall in dwelling starts in Q3 may well be a sign that the recovery in house-building has run out of steam. If so, it raises questions about the durability of the wider economic recovery and, on... 18th November 2010 · 1 min read
US Data Response Consumer Prices & Housing Starts (Oct.) October's consumer price inflation figures support the recent argument made by several Fed officials, that they would have launched QE2 even if the Fed's mandate was to target price stability alone... 17th November 2010 · 1 min read
UK Housing Market Focus Will detached prices outperform because of tight credit? Detached house prices will prove to be more resilient than other types of residential property in the next two to three years. Higher earners, who disproportionately demand this most expensive type of... 17th November 2010 · 1 min read
UK Housing Market Data Response CLG House Prices (Sep) The second fall in the government’s measure of house prices in almost a year and a half suggests that the recent weakness picked up by the more timely indices is finally showing through in house... 16th November 2010 · 1 min read
UK Housing Market Data Response CML Buy-To-Let Lending (Q3) Lending to the buy-to-let sector noticeably outperformed the wider market in the third quarter. But there is reason to expect lending to the sector to weaken soon. 11th November 2010 · 1 min read
UK Housing Market Data Response Mortgage Arrears and Possessions (Q3) The continued fall in the numbers of arrears and possessions in the third quarter is encouraging. But figures showing an increase in possession orders being sought and awarded may mean that the... 11th November 2010 · 1 min read
China Data Response Foreign Trade, Property (Oct.) China’s trade surplus has continued to widen, despite a recent run of strength in imports. The stage is set for a tense G20 summit. 10th November 2010 · 1 min read
UK Housing Market Data Response RICS Housing Survey (Oct) The latest RICS housing market survey provides further evidence, if any were needed, that the house price outlook is weak. Most of the activity indicators deteriorated further in October and surveyors... 9th November 2010 · 1 min read
US Economics Update Bouncing along the bottom The housing market recovery has yet to begin with activity more or less bouncing along the bottom. Home sales did edge further above their post-tax credit low in September, but they remained 20% below... 8th November 2010 · 1 min read
UK Housing Market Update New survey adds to the evidence of a tightening lending market A new mortgage market survey from the charted surveyors e.surv suggests that mortgage lending volumes and average loan-to-value ratios fell further in October. While the survey has yet to be tested... 5th November 2010 · 1 min read
UK Housing Market Chart Pack Active buyers still thin on the ground (Nov 10) The housing market data became increasingly negative last month. The stock of unsold properties on the market expanded once again and mortgage market activity remains extremely depressed. Most of the... 4th November 2010 · 1 min read
UK Data Response Halifax House Prices (Oct.) October’s rise in the Halifax house price index was widely expected, given the size of the previous month’s drop. Moreover, although far stronger than consensus estimates for a 0.6% rise, the... 4th November 2010 · 1 min read
UK Housing Market Data Response Mortgage Lending (Sep.) The latest small fall in mortgage approvals reinforces the picture of a severely depressed lending market. We do not expect mortgage lending to recover significantly next year. 29th October 2010 · 1 min read
UK Housing Market Chart Pack Weak activity data suggest further house price falls to come (Oct 10) The latest housing market activity measures look very weak. For now, however, this does not seem to have passed through to sustained falls in house prices. But with the fiscal consolidation set to put... 29th October 2010 · 1 min read
