US Housing Market Data Response Housing Starts (Sep.) Strong new home sales have helped boost homebuilder confidence to a 20-month high, and single-family building permits and starts both recorded a small rise in September. The lack of existing home... 17th October 2019 · 2 mins read
US Housing Market Data Response Mortgage Applications (Sep.) The first rise in mortgage rates since November last year dampened refinancing demand in September, but applications for home purchase saw a small gain. However that rise merely took home purchase... 2nd October 2019 · 2 mins read
US Housing Market Data Response New Home Sales (Aug.) The volatility in new home sales continued into August, with a rise of 7.7% m/m not quite reversing the fall recorded in July. Flat demand for home purchase mortgages over the past couple of weeks... 25th September 2019 · 2 mins read
US Housing Market Data Response Case-Shiller / FHFA House Prices (Jul.) The gradual slowdown in house price growth seen over the past year came to a halt in July. Case-Shiller reported annual growth was unchanged at 3.2%, and the FHFA recorded a slight acceleration to 5.0... 24th September 2019 · 2 mins read
US Housing Market Data Response Existing Home Sales (Aug.) Existing home sales increased for the second consecutive month in August, to reach an 18-month high. But a number of factors argue against a sustained rise in activity. Demand for home purchase... 19th September 2019 · 2 mins read
US Housing Market Data Response Housing Starts (Aug.) Even ignoring the surge in volatile multifamily starts, August was a good month for homebuilding. Single-family starts and permits both saw decent gains, as low mortgage interest rates, a solid labour... 18th September 2019 · 2 mins read
US Housing Market Data Response Mortgage Applications (Aug.) August’s rebound in overall mortgage applications was driven by buoyant refinancing activity, while home purchase applications fell. A further drop in the 10-year Treasury yield means that mortgage... 4th September 2019 · 2 mins read
US Housing Market Data Response Case-Shiller / FHFA House Prices (Jun.) Both the FHFA and Case-Shiller reported a further slowdown in annual house price growth in June. But with mortgage interest rates falling to near three-year lows and inventory tight, we doubt growth... 27th August 2019 · 2 mins read
US Housing Market Data Response New Home Sales (Jul.) The substantial drop in new home sales in July is not as bad it looks, as a large upward revision to the previous month’s estimate meant that decline came from a 12-year high. A slowing economy rules... 23rd August 2019 · 2 mins read
US Housing Market Data Response Existing Home Sales (Jul.) Existing home sales managed their first year-on-year rise for 17-months in July, but that is not the start of a sustained upward trend. Home purchase mortgage demand has not received much of a boost... 21st August 2019 · 2 mins read
US Housing Market Data Response Housing Starts (Jul.) Single-family starts and building permits both increased in July, as lower interest rates, a tight existing home market and the decline in the backlog of previously authorised homes have encouraged... 16th August 2019 · 2 mins read
US Housing Market Data Response Mortgage Applications (Jul.) Despite a steady decline in mortgage interest rates, mortgage applications for home purchase had dropped to a five-month low by the end of July. The recent drop in the 10-year Treasury yield means... 7th August 2019 · 2 mins read
US Housing Market Data Response Case-Shiller House Prices (May) Annual house price growth edged back once again in May, with subdued demand and lender caution taking some of the heat out of the market. That slowdown is set to continue as the economy weakens, but... 30th July 2019 · 2 mins read
US Housing Market Data Response New Home Sales (Jun.) New home sales rose by a solid 7.0% m/m in June, making up some of the ground they lost over April and May. A healthy new home inventory will continue to support sales, but the dip in mortgage... 24th July 2019 · 2 mins read
US Housing Market Data Response FHFA House Prices / Existing Home Sales (May/Jun.) A steady fall in mortgage interest rates has not given a boost to existing home sales, which dropped back in June and have now recorded year-on-year declines for the past 16-months. A slowing economy... 23rd July 2019 · 2 mins read
US Housing Market Data Response Housing Starts (Jun.) The volatile multifamily sector was responsible for the overall decline in both housing starts and building permits in June. Single-family starts and permits both edged out a small gain and, with new... 17th July 2019 · 2 mins read
