US Housing Market Data Response Existing Home Sales (Aug.) We doubt the smaller 0.4% m/m fall in existing home sales in August marks a floor for activity. Indeed, it is line with the levelling off in mortgage demand seen in July as the rise in mortgage rates... 21st September 2022 · 2 mins read
US Housing Market Data Response Housing Starts (Aug.) Housing starts surprised on the upside in August, rising for the first time in six months. But we still expect them to fall further this year as stretched affordability continues to weigh on new home... 20th September 2022 · 2 mins read
US Housing Market Data Response Mortgage Applications (Aug.) Home purchase applications fell for a fifth consecutive month in August, leaving them down by 40% from their high in January. With mortgage rates once again rising and against a backdrop of stretched... 7th September 2022 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA House Prices (Jun.) House price growth hit the buffers in June, with Case-Shiller and FHFA reporting a sharp slowdown in month-on-month gains. Higher mortgage interest rates have stretched affordability and cut housing... 30th August 2022 · 3 mins read
US Housing Market Update Foreclosure rate headed for a small bump With the vast majority of mortgage borrowers protected by fixed rates, it is not a surprise that the early delinquency rate has risen only marginally since the start of the year. And our forecasts for... 24th August 2022 · 3 mins read
US Housing Market Data Response New Home Sales (Jul.) New home sales dropped sharply again in July on the back of rising mortgage rates. Stretched affordability will continue to weigh on housing market activity over the second half of the year. We now... 23rd August 2022 · 2 mins read
US Housing Market Data Response Existing Home Sales (Jul.) Higher mortgage rates led to another fall in existing home sales in July, which are now down by 26% from their peak in January. We expect a further fall of close to 5% by end-2022 to 4.6m annualised... 19th August 2022 · 2 mins read
US Housing Market Update Increase in build-for-rent won’t derail SF rent growth Surging demand for single-family homes has revived institutional investor interest in the single-family rental (SFR) market. With few homes available to buy, interest in build-for-rent (BFR)... 3rd August 2021 · 3 mins read
