US Housing Market Data Response Mortgage Applications (Aug.) The gradual contraction in mortgage demand continued in August, with applications for both refinancing and home purchase loans seeing month-on-month falls. To date, the drop in home purchase demand... 5th September 2018 · 1 min read
Australia & New Zealand Data Response CoreLogic House Prices (Aug.) With the full effects of tighter credit conditions and rising mortgage rates yet to be felt, the current housing downturn will probably end up being the longest and deepest in Australia’s modern... 3rd September 2018 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Aug.) House price growth cooled to 2% in August, down from 3.2% in January. And with no sign of a pick-up in demand or sales, we expect price gains slow a little further by the end of the year. 31st August 2018 · 1 min read
UK Housing Market Data Response Mortgage Lending (Jul.) July saw a 0.9% drop in mortgage approvals for house purchase, partly reversing the gains seen in May and June. Looking ahead, with house prices high and interest rates set to rise further, lending is... 30th August 2018 · 1 min read
Australia & New Zealand Chart Pack Households holding up well Australian households have been more resilient to low income growth and falling house prices than we expected. After rising by just 0.3% q/q in the first quarter, the solid rises in retail sales in... 29th August 2018 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Jun.) According to the Case-Shiller index, house price growth continued to slow in June. The rise of 6.2% y/y was the smallest annual gain since November 2017. The recent moderation in mortgage applications... 28th August 2018 · 1 min read
UK Housing Market Data Response UK Finance Mortgage Lending (Jul.) Mortgage approvals for house purchase dipped in July, ending a three-month streak of gains. But the big picture is that lending has seen no sustained improvement since 2013. And with high house prices... 24th August 2018 · 1 min read
US Housing Market Data Response FHFA House Prices / New Home Sales (Jun./Jul.) New home sales declined for the second month in a row in July, with a 1.7% m/m drop taking sales to a 10-month low. Housing demand is faltering as buyers have been put off by the lack of affordable... 23rd August 2018 · 1 min read
UK Housing Market Update Is London’s price slump spreading? The weakness in London’s housing market has been accompanied by a rise in months of unsold stock. Something similar appears to be happening in the South East and we have trimmed our forecasts as a... 23rd August 2018 · 1 min read
US Housing Market Data Response Existing Home Sales (Jul.) The fourth month in a row of falling existing home sales has left them at a 2½ year low. On the supply side, a lack of affordable inventory is constraining sales. But demand is also falling back over... 22nd August 2018 · 1 min read
India Chart Pack Equities continue to scale new highs Indian equities have continued to surge in August, with the benchmark Sensex stock index rising to a fresh record high of over 38,000 today. The recent strong performance in the Sensex compared to... 20th August 2018 · 1 min read
US Housing Market Data Response Housing Starts (Jul.) The lacklustre performance of housing starts seen since the start of year continued in July, with a marginal gain of under 1% m/m in both single and multifamily starts. Single-family starts are being... 16th August 2018 · 1 min read
UK Housing Market Data Response UK House Price Index (Jun.) The subdued demand and mortgage lending environment is weighing on house prices. The official index reported that house price growth slowed to its lowest rate in almost 5 years in June. But with... 15th August 2018 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Jul.) The decline in the national rate of house price inflation to a five-year low of 1.8% in July is likely to be followed by further weakness in the months ahead. For now, house prices seem more likely to... 14th August 2018 · 1 min read
UK Housing Market Data Response UK Finance Lending Trends (Q2) High levels of remortgaging in the second quarter suggest that borrowers are actively taking steps to limit the impact of rising Bank Rate on their mortgage payments over the coming few years. While... 14th August 2018 · 1 min read
China Data Response Activity & Spending (Jul.) The activity and spending data for July all came in below consensus expectations despite surprisingly strong external demand. This highlights the continued strong headwinds to domestic demand from... 14th August 2018 · 1 min read
