US Housing Market Data Response Housing Starts (Jul.) Housing starts surged for the second consecutive month in July, and single-family starts are now only 10% below their pre-COVID level. Flight to the suburbs may explain some of the increase in... 18th August 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Jul.) Mortgage applications for home purchase trended down over July, even as the 30-year mortgage rate fell to a record low 3.14%. The working through of pent-up demand from the spring, record low... 5th August 2020 · 2 mins read
US Housing Market Data Response Case-Shiller House Prices (May) House prices rose by just 0.1% m/m in May on the Case-Shiller index, which together with a slowdown on the FHFA index indicates that the collapse in sales caused by the coronavirus is now weighing on... 28th July 2020 · 2 mins read
US Housing Market Data Response New Home Sales (Jun.) New home sales have now more than reversed the drop seen earlier in the year, reaching a 13-year high in June. The sales outlook is positive - new home buyer traffic has returned to 22-year highs, and... 24th July 2020 · 2 mins read
US Housing Market Data Response FHFA House Prices / Existing Home Sales (May/Jun.) The reopening of the economy and pent-up demand from the spring helped existing home sales bounce back in June. However, with a second wave of infections leading to renewed shutdowns and inventory... 22nd July 2020 · 2 mins read
US Housing Market Data Response Housing Starts (Jun.) Housing starts bounced-back in June, and are now down only 4% y/y. A surge in housing demand to 10-year highs, and a lack of existing home inventory, has boosted new home sales and reversed all the... 17th July 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Jun.) Mortgage applications for home purchase dropped back over the last two weeks of June, even as mortgage rates fell to record lows. The pent-up demand from the spring buying season now looks to have... 1st July 2020 · 2 mins read
US Housing Market Data Response Case-Shiller House Prices (Apr.) The further acceleration in annual house price growth on the Case-Shiller measure in April reflected the strength of the housing market at the start of the year, when the impact of the coronavirus was... 30th June 2020 · 2 mins read
US Housing Market Data Response FHFA House Prices (Apr.) Following a gain of 0.1% m/m in March, the modest 0.2% m/m rise house prices in April shows a marked weakening in house price growth. It is too soon to tell how much of an impact the coronavirus has... 24th June 2020 · 2 mins read
US Housing Market Data Response New Home Sales (May) New home sales reversed most of their coronavirus related decline in May, helped by the gradual reopening of the country. A healthy level of inventory means new sales are well-placed to take advantage... 23rd June 2020 · 2 mins read
US Housing Market Data Response Existing Home Sales (May) Existing home sales saw another substantial decline in May but with the country reopening, and housing demand surging on the back of record low mortgage interest rates, we suspect they have now... 22nd June 2020 · 2 mins read
US Housing Market Data Response Housing Starts (May) Single-family housing starts were unchanged in May but, helped by strong housing demand, building permits posted their largest month-on-month gain in 30 years. With more of the country opening up, and... 17th June 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (May) Mortgage applications for home purchase have risen in each of the past seven weeks, and in May were up 2.7% y/y. With the unemployment rate at a record high, that strength in demand is surprising... 3rd June 2020 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA & New Home Sales (Mar./Apr.) New home sales edged higher in April, after recording their largest month-on-month slump in over six years during March. The latest rise was in line with recent improvements in mortgage applications... 26th May 2020 · 2 mins read
US Housing Market Data Response Existing Home Sales (Apr.) Existing home sales saw another sharp drop in April, as the shutdown of large parts of the country disrupted housing market activity. Despite a strong recovery in mortgage applications for home... 21st May 2020 · 2 mins read
US Housing Market Data Response Housing Starts (Apr.) The shutdown of large parts of the country meant single-family housing starts recorded their largest month-on-month fall on record in April. In the Northeast starts were down over 70% compared to... 19th May 2020 · 2 mins read
