US Housing Market Data Response Case-Shiller House Prices (Jun.) According to the Case-Shiller index, house price growth continued to slow in June. The rise of 6.2% y/y was the smallest annual gain since November 2017. The recent moderation in mortgage applications... 28th August 2018 · 1 min read
US Housing Market Data Response FHFA House Prices / New Home Sales (Jun./Jul.) New home sales declined for the second month in a row in July, with a 1.7% m/m drop taking sales to a 10-month low. Housing demand is faltering as buyers have been put off by the lack of affordable... 23rd August 2018 · 1 min read
US Housing Market Data Response Existing Home Sales (Jul.) The fourth month in a row of falling existing home sales has left them at a 2½ year low. On the supply side, a lack of affordable inventory is constraining sales. But demand is also falling back over... 22nd August 2018 · 1 min read
US Housing Market Data Response Housing Starts (Jul.) The lacklustre performance of housing starts seen since the start of year continued in July, with a marginal gain of under 1% m/m in both single and multifamily starts. Single-family starts are being... 16th August 2018 · 1 min read
US Housing Market Data Response Mortgage Applications (July) Mortgage applications for both refinance and home purchase fell back in July, continuing the recent run of easing demand. The drop in mortgage interest rates seen at the beginning of the month proved... 1st August 2018 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (May) The May Case-Shiller house price index provided further evidence that the housing market is losing steam. The 0.4% m/m rise meant annual house price inflation held steady at 6.4%. High house prices... 31st July 2018 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q2) The US homeownership rate was essentially unchanged in Q2 for the second consecutive quarter, confirming that the nascent recovery in the share of homeownership, which began in 2016, has stalled... 26th July 2018 · 1 min read
US Housing Market Data Response New Home Sales (Jun.) Given the recent decline in home buyer sentiment, as well as the dip in existing home sales already reported, June’s fall in new home sales should not come as a surprise. That said the dip did more... 25th July 2018 · 1 min read
US Housing Market Data Response FHFA House Prices (May.) According to the FHFA, the easing in the average pace of monthly house price gains was extended into May. The implication is that the recent drop in home sales and home buying sentiment appear to be... 24th July 2018 · 1 min read
US Housing Market Data Response Existing Home Sales (Jun.) June’s drop in existing home sales means that activity levels in the first six months of this year were 2% lower than in the same period of 2017. Indeed, at 5.38m annualised, sales in June sat close... 23rd July 2018 · 1 min read
US Housing Market Data Response Housing Starts (Jun.) Both single and multifamily housing starts recorded substantial declines in June. The fall of 12.3% m/m in total starts was the largest month-on-month drop since the end of 2016. Building permits were... 18th July 2018 · 1 min read
US Housing Market Data Response Mortgage Applications (June) Demand for home purchase and refinancing both dropped back in June, as higher mortgage interest rates and inventory shortages weighed on housing market activity. With interest rates set to trend... 5th July 2018 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Apr.) The slowdown in annual house price growth to 6.4% on the Case-Shiller measure in April is in line with earlier data from the FHFA. In addition to record low levels of inventory, active housing demand... 26th June 2018 · 1 min read
US Housing Market Data Response New Home Sales (May) A decent 6.7% m/m rise in new home sales in May means the share of new single-family sales in total sales has reached a 10-year high. But that rise in sales has choked off what had been a steady rise... 25th June 2018 · 1 min read
US Housing Market Data Response FHFA House Prices (Apr.) The FHFA reported that house prices rose by a marginal 0.1% m/m in April, the second month in a row of small monthly gains. Even as inventory levels have stayed close to record lows, house price... 21st June 2018 · 1 min read
US Housing Market Data Response Existing Home Sales (May) Existing home sales dropped for the second month in a row in May, as record low levels of inventory have continued to constrain activity. With little chance of an improvement in the supply situation... 20th June 2018 · 1 min read
