US Housing Market Data Response Mortgage Applications (Jun.) Mortgage applications surged in June, as existing borrowers took advantage of declining mortgage interest rates. Meanwhile, house purchase applications also rose, but only modestly. Looking ahead, we... 3rd July 2019 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA & New Home Sales (Apr./May) A healthy level of inventory means the new home market is well placed to benefit from the recent rise in housing demand, and we therefore expect sales will rebound from the drop seen in May over the... 25th June 2019 · 2 mins read
US Housing Market Data Response Existing Home Sales (May) Existing home sales saw a decent rise in May, but that doesn’t mean activity will now take-off even with interest rates set for further falls. Subdued home buying sentiment, a lack of inventory and... 21st June 2019 · 1 min read
US Housing Market Data Response Housing Starts (May) The decline in housing starts in May was driven by the single-family sector, which recorded a 6.4% m/m decline. But single-family building permits rose for the first time since November last year. A... 18th June 2019 · 1 min read
US Housing Market Data Response Mortgage Applications (May) Despite mortgage interest rates falling to 18-month lows, mortgage applications for home purchase declined steadily over May. Concerns over the health of the economy, and a lack of inventory, is... 5th June 2019 · 1 min read
US Housing Market Data Response Case-Shiller / FHFA House Prices (Mar.) March’s easing in house price growth was consistent with our expectations. Looking ahead, we expect that slowdown to continue, although with inventory levels very low and mortgage interest rates... 28th May 2019 · 1 min read
US Housing Market Data Response New Home Sales (Apr.) The drop in new home sales in April came from an upwardly revised March figure, and sales were up 7% over the year. A healthier level of inventory is helping the new home market outperform the... 23rd May 2019 · 1 min read
US Housing Market Data Response Existing Home Sales (Apr.) Existing home sales dropped back for the second consecutive month in April. A lack of inventory has constrained sales even as lower mortgage interest rates have given a boost to housing demand. With... 21st May 2019 · 1 min read
US Housing Market Data Response Housing Starts (Apr.) Housing starts maintained their recent revival during April, while building permits also rose. Strong housebuilder confidence and solid underlying demand are expected to support starts over the next... 16th May 2019 · 1 min read
US Housing Market Data Response Mortgage Applications (Apr.) A gentle rise in mortgage interest rates over April helped cut mortgage applications for home purchase in the latter part of the month. And with home buying sentiment only receiving a modest boost... 1st May 2019 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Feb.) Easing housing demand helped annual house price growth drop to a 6½-year low in February. We expect that slowdown will continue but, with inventory levels close to record lows and mortgage interest... 30th April 2019 · 1 min read
US Housing Market Data Response FHFA House Prices / New Home Sales (Feb./Mar.) New home sales continued their strong start to the year in March, with an increase in the number of cheaper homes sold helping lift them to a 17-month high. But with the economy slowing, that rate of... 23rd April 2019 · 1 min read
US Housing Market Data Response Existing Home Sales (Mar.) After the largest month-on-month rise for over three years in February, existing home sales were always going to drop back in March. But looking through that volatility we doubt sales will see much of... 22nd April 2019 · 1 min read
US Housing Market Data Response Mortgage Applications (Mar.) The drop in mortgage interest rates to a 15-month low at the end of March helped spur a strong rise in demand for both home purchase and refinance mortgages. However, as was the case in January, we... 3rd April 2019 · 1 min read
US Housing Market Data Response New Home Sales (Feb.) Given the volatility of the data, we wouldn’t read too much into the rise in new home sales to a one-year high in February. Nevertheless, given healthy levels of inventory and evidence that builders... 29th March 2019 · 1 min read
US Housing Market Data Response Case-Shiller/FHFA Prices & Housing Starts (Jan./Feb.) The sharp fall in single-family starts in February was expected given the surge recorded the previous month, and leaves starts close to where they were towards the end of 2018. But even with house... 26th March 2019 · 1 min read
