US Housing Market Chart Pack Easing in credit conditions edges up housing demand The lack of housing inventory continues to drive developments in the market. The months’ supply of existing homes for sale has now been below five since May. That is both holding back home sales, and... 8th December 2015 · 1 min read
US Housing Market Chart Pack Lack of inventory squeezes house prices higher Housing demand is being supported by a gradual easing in credit conditions, which helped the homeownership rate to pick-up from a 48-year low in the third quarter. But with inventory levels still very... 11th November 2015 · 1 min read
US Housing Market Chart Pack New build sales finally making some headway The drop in mortgage rates towards the end of September has given mortgage applications a boost, as did the introduction of new disclosure requirements for mortgages as buyers acted early to avoid... 9th October 2015 · 1 min read
US Housing Market Chart Pack Surge in sales leads to tighter market conditions Housing market activity on most measures has seen further gains. Existing home sales rose unexpectedly in July, and are now up 16% since the start of the year. And while starts were essentially flat... 9th September 2015 · 1 min read
US Housing Market Chart Pack Housing demand continues to strengthen Total home sales increased to nearly 6m annualised in June. This was the fastest pace of sales since before the financial crisis and is a clear sign that the market is gradually normalising. Moreover... 10th August 2015 · 1 min read
US Housing Market Chart Pack Home sales reach eight-year high Housing activity has strengthened in recent months. Indeed, gains in both new and existing home sales in May pushed total sales up to their highest level in eight years. Strong growth in jobs and... 9th July 2015 · 1 min read
US Housing Market Chart Pack Homebuilding finally gets back on track Housing starts surged by 20% m/m to a seven-year high of 1.14m annualised in April, as homebuilders finally put the weather-related difficulties at the start of the year behind them. Looking ahead... 8th June 2015 · 1 min read
US Housing Market Chart Pack Promising signs from the mortgage market The sharp rise in home purchase mortgage applications, to a two-year high in April, was an encouraging sign that the market may finally be turning a corner after years of stagnation. Admittedly... 12th May 2015 · 1 min read
US Housing Market Chart Pack Home sales will continue to strengthen Following the weather-related weakness at the start of the year, new home sales surged 7.8% m/m to a seven-year high in February. Existing sales rebounded by 1.2% m/m, despite another large drop in... 8th April 2015 · 1 min read
US Housing Market Chart Pack A temporary surge in house price growth The CoreLogic measure of house prices surged by a seasonally-adjusted 1.4% m/m in January, the largest monthly gain in almost two years. This acceleration appears to have been caused by the tightness... 10th March 2015 · 1 min read
US Housing Market Chart Pack Household formation snaps back The Census Bureau’s estimate of household formation as part of its Homeownership & Vacancy Survey was a very encouraging 1.7m in 2014. Admittedly, that’s significantly above the alternative Current... 10th February 2015 · 1 min read
US Housing Market Chart Pack Any rebound in house price inflation will be temporary Tighter supply conditions suggest that the moderation in house price inflation may be about to go into reverse. So, too, do solid rates of economic growth and job creation as well as tentative signs... 9th December 2014 · 1 min read
US Housing Market Chart Pack House prices regain some poise The various measures of house prices appear to be sending different messages, but on balance it looks like price gains have picked up again following outright falls earlier in the year. The Case-... 12th November 2014 · 1 min read
US Housing Market Chart Pack Investors and cash buyers pull back The 18% m/m surge in new home sales in August was not enough to outweigh the 1.8% m/m decline in the much larger existing homes market. Strikingly, this decline was due to a weakening in demand from... 9th October 2014 · 1 min read
US Housing Market Chart Pack Sharp slowdown in house price inflation The new Case-Shiller national house price index, now released on a monthly basis, shows seasonally-adjusted prices falling in each of April, May and June. This is a dramatic reversal from the average... 10th September 2014 · 1 min read
US Housing Market Chart Pack Sales and starts still soft The housing market has yet to shake off the weakness seen in the early stages of the year. Despite increasingly solid economic data and a drop in mortgage interest rates, mortgage applications and new... 4th August 2014 · 1 min read
