US Housing Market Data Response New Home Sales (Dec.) New home sales ended 2019 on a weak note, declining in each of the final three months of the year. But a high traffic of prospective buyers in January points to a swift recovery in sales the early... 27th January 2020 · 2 mins read
US Housing Market Data Response FHFA House Prices / Existing Home Sales (Nov./Dec.) The inventory of existing homes dropped to another record low in December, which means the solid rise in sales seen over the month is unlikely to be the start of an upward trend. Even with market... 22nd January 2020 · 2 mins read
US Housing Market Data Response Housing Starts (Dec.) The surge in housing starts in December in part reflects a jump in the volatile multifamily sector and favourable weather conditions. But single-family starts are well-placed for another strong year... 17th January 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Dec.) A 1.9% m/m drop in mortgage applications for home purchase in December left demand at the end of 2019 unchanged from the start of the year. The boost to demand from lower mortgage interest rates was... 8th January 2020 · 2 mins read
US Housing Market Data Response New Home Sales (Nov.) The rise in new home sales in November came from a downwardly revised October reading but, looking through the volatility, sales have had a good year. Low mortgage rates, an increase in the supply of... 23rd December 2019 · 2 mins read
US Housing Market Data Response Existing Home Sales (Nov.) The inventory of existing homes for sale dropped to a record low in November, which helps explain why home sales declined. We doubt that supply picture will improve over the next year and, coupled... 19th December 2019 · 2 mins read
US Housing Market Data Response Housing Starts (Nov.) Single-family building permits increased for the seventh month in a row in November. And, with homebuilder confidence hitting a 20-year high in December, starts are set for another year of steady... 17th December 2019 · 2 mins read
US Housing Market Data Response Mortgage Applications (Nov.) Concerns that a jump in the 10-year Treasury yield would herald a rise in mortgage rates look to have persuaded some buyers to bring forward a home purchase application, with demand rising to a five... 4th December 2019 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA & New Home Sales (Sep./Oct) Both the FHFA and Case-Shiller reported a rise in annual house price growth in September, as low mortgage interest rates and tight existing home inventory supported values. But inventory is healthier... 26th November 2019 · 2 mins read
US Housing Market Data Response Existing Home Sales (Oct.) Existing home sales saw a marginal rise in October, but the gain wasn’t enough to reverse September’s dip and sales are still below their level in 2017. With the inventory of homes for sale at 18... 21st November 2019 · 2 mins read
US Housing Market Data Response Housing Starts (Oct.) A steady rise in new home sales since the start of the year helped single-family building permits reach a 12-year high in October. A gradual move toward constructing starter homes, which are in short... 19th November 2019 · 2 mins read
US Housing Market Data Response Mortgage Applications (Oct.) Despite stable interest rates, demand for home purchase mortgages dropped back in October, and had reached a two-month low by the end of the month. Concerns around the economic outlook, a shortage of... 6th November 2019 · 2 mins read
US Housing Market Data Response Case-Shiller House Prices (Aug.) The rise in month-on-month house price growth in August largely reflects issues with the seasonal-adjustment of the Case-Shiller index, rather than a sign that growth is once again accelerating... 29th October 2019 · 2 mins read
US Housing Market Data Response New Home Sales (Sep.) New home sales more-or-less held their ground in September, leaving them close to 12-year highs. Healthy levels of inventory will help sales make further progress over the next year or so but, given... 24th October 2019 · 2 mins read
US Housing Market Data Response FHFA House Prices (Aug.) Annual house price growth on the FHFA measure resumed its downward trend in August, slowing to a five-year low of 4.6%. Lower mortgage interest rates should help price growth stabilise over the... 23rd October 2019 · 2 mins read
US Housing Market Data Response Existing Home Sales (Sep.) Following two months of gains, existing home sales dropped back in September. Given mortgage applications for home purchase have been more-or-less flat over the past few months, that decline in... 22nd October 2019 · 2 mins read
