US Housing Market Data Response Mortgage Applications (Apr.) Mortgage applications for home purchase were down overall in April, but saw a decent recovery over the second half of the month. Record low mortgage rates will have supported demand to some extent... 6th May 2020 · 2 mins read
US Housing Market Data Response Case-Shiller House Prices (Feb.) Low inventory and mortgage rates helped house price growth accelerate over the turn of the year. But the sharp drop in housing demand caused by the coronavirus means prices are set for a modest fall... 28th April 2020 · 2 mins read
US Housing Market Data Response New Home Sales (Mar.) The impact of the coronavirus on the housing market was made clear in March new home sales, which saw the largest month-on-month fall in over six years. Subdued mortgage applications point to a... 23rd April 2020 · 2 mins read
US Housing Market Data Response Existing Home Sales (Mar.) Existing home sales recorded their largest month-on-month decline in 4½-years in March, but given sales are recorded with a time lag that only represents the start of the fall in activity. Realtor... 21st April 2020 · 2 mins read
US Housing Market Data Response Housing Starts (Mar.) Both single and multifamily housing starts recorded large declines in March, as the coronavirus cut housing demand and disrupted the ability of homebuilders to work. Single-family starts will see... 16th April 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Mar.) Distress in the MBS market meant mortgage rates were volatile over March, but they started and ended the month at a record low of 3.47%. While that has helped refinance demand, applications for home... 1st April 2020 · 2 mins read
US Housing Market Data Response New Home Sales (Feb.) New home sales edged back from a 13-year high in February, but are now set for a sharp downturn as the coronavirus shuts down many parts of the home buying process. However, the high level of sales at... 24th March 2020 · 2 mins read
US Housing Market Data Response Existing Home Sales (Feb.) Existing home sales saw a strong gain of 6.5% m/m in February, but with the whole of California being locked down the risks are building to our initial view that sales will see a 35% drop in the... 20th March 2020 · 2 mins read
US Housing Market Data Response Housing Starts (Feb.) The rise in single-family housing starts in February pre-dates the outbreak of the coronavirus, and the outlook for starts has worsened considerably over the next few months. It will take time for the... 18th March 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Feb.) Concerns over the coronavirus have driven the 10-year Treasury yield to record lows, which helped push mortgage rates to a seven-year low last week. That gave a substantial boost to refinancing... 4th March 2020 · 2 mins read
US Housing Market Data Response New Home Sales (Jan.) Warm weather and a healthy inventory helped new homes make a strong start to the year. A drop in home purchase mortgage applications during February means some of that surge will be reversed over the... 26th February 2020 · 2 mins read
US Housing Market Data Response Case-Shiller / FHFA House Prices (Dec.) Low mortgage rates and tight inventory have supported house prices in recent months, with Case-Shiller reporting a jump in annual growth to 3.8% in December, a 10-month high. But looking ahead... 25th February 2020 · 2 mins read
US Housing Market Data Response Existing Home Sales (Jan.) Given the plunge in the pending home sales index in December, the 1.3% m/m drop in existing home sales in January was smaller than we had expected. But that implies sales will see a more substantial... 21st February 2020 · 2 mins read
US Housing Market Data Response Housing Starts (Jan.) The fifth warmest January on record meant housing starts only reversed some of their December surge, with single-family starts remaining above 1 million annualised. That impact will unwind over the... 19th February 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Jan.) A rush to safe-haven assets helped drive the 30-year mortgage rate to a three-year low by the end of January. That triggered a surge in mortgage applications for refinance, and a decent rise in home... 5th February 2020 · 2 mins read
US Housing Market Data Response Case-Shiller House Prices (Nov.) Low mortgage interest rates and tight supply helped annual house price growth on the Case-Shiller measure increase for the second month in a row in November. But stretched valuations, and tightening... 28th January 2020 · 2 mins read
