US Housing Market Data Response Existing Home Sales (Feb.) The surge in existing home sales in February is likely to prove short-lived. Concerns over the health of the economy will act to offset the positive impact of lower interest rates, and coupled with... 22nd March 2019 · 1 min read
US Housing Market Data Response New Home Sales (Jan.) The drop in new home sales in January came from an upwardly revised December figure, so sales haven’t lost too much momentum going into 2019. Looking ahead, a slowing economy argues against a strong... 14th March 2019 · 1 min read
US Housing Market Data Response Housing Starts (Jan.) The good news that single-family starts saw their largest month-on-month gain for 40-years was tempered to some extent by a drop in building permits to an 18-month low, which implies that surge will... 8th March 2019 · 1 min read
US Housing Market Data Response Mortgage Applications (Feb.) The surge in home purchase demand seen in January was reversed in February, even as mortgage interest rates edged back to their lowest level in a year. That dynamic is likely to continue over the next... 6th March 2019 · 1 min read
US Housing Market Data Response New Home Sales (Dec.) New home sales increased for the second month in a row in December, to leave sales more-or-less unchanged over the year. A recovery in homebuilder confidence suggests sales have held-up since the... 5th March 2019 · 1 min read
US Housing Market Data Response Case-Shiller/FHFA Prices & Housing Starts (Dec.) Annual house price growth has continued to slow, and is likely to reach 2% by the end of the year. But that shouldn’t prevent a modest recovery in single-family housing starts, which ended 2018 at a... 26th February 2019 · 1 min read
US Housing Market Data Response Existing Home Sales (Jan.) A pick-up in home purchase mortgage applications at the start of the year suggests the 1.2% m/m drop in existing home sales in January will soon be reversed. But the bigger picture is that a slowing... 21st February 2019 · 1 min read
US Housing Market Data Response Mortgage Applications (Jan.) A drop in mortgage interest rates to a nine-month low in January helped boost mortgage demand. But the jump in applications for home purchase is already unwinding. Given a slowing economy and lack of... 6th February 2019 · 1 min read
US Housing Market Data Response New Home Sales (Nov.) New home sales surged 16.9% m/m in November, but activity is likely to level off in 2019. While mortgage rates are set to drop back, a slowing economy will weigh on buyer sentiment, and that will keep... 31st January 2019 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Nov.) House prices are on track to grow by 5% in 2018, down marginally from a rise of 6.3% in 2017. That gradual easing in price growth will continue, as housing demand flat lines on the back of a slowing... 29th January 2019 · 1 min read
US Housing Market Data Response FHFA House Prices (Nov.) Annual house price growth was unchanged at 5.8% in November, but it is likely to resume its downward trend in 2019. While mortgage interest rates are set to fall back, a slowing economy will weigh on... 23rd January 2019 · 1 min read
US Housing Market Data Response Existing Home Sales (Dec.) Strong mortgage demand over the past couple of weeks indicates that the sharp fall in existing home sales in December will soon be reversed. But a slowing economy, weakening house price expectations... 22nd January 2019 · 1 min read
US Housing Market Data Response Mortgage Applications (Dec.) The drop in mortgage applications in December, even as interest rates saw further falls, supports our view that lower financing costs will not be enough to boost housing market activity in 2019. A... 3rd January 2019 · 1 min read
US Housing Market Data Response Existing Home Sales (Nov.) Existing home sales rose for the second consecutive month in November, and a recovery in mortgage demand over the past month suggests they will see further gains over the turn of the year. But with... 19th December 2018 · 1 min read
US Housing Market Data Response Housing Starts (Nov.) Single-family housing starts dropped to an 18-month low in November, but we expect a modest rise in starts over the next couple of years. Builders have scaled back production in response to slowing... 18th December 2018 · 1 min read
US Housing Market Data Response Mortgage Applications (Nov.) The drop in the 10-year Treasury yield over the past month has brought down mortgage interest rates. In turn, mortgage applications for home purchase have risen to close to a five-month high. Mortgage... 5th December 2018 · 1 min read
