US Housing Market Data Response Existing Home Sales (Nov.) Existing home sales enjoyed a strong rise in November, with the 5.6% m/m gain taking sales to their highest level in almost 11-years. But that rise has cut inventory levels even further, and it is... 20th December 2017 · 1 min read
US Housing Market Data Response Housing Starts (Nov.) Housing starts rose for the second month in a row in November, with a 3.3% m/m gain pushing them to their highest level since October 2016. Encouragingly, it was the single-family sector which drove... 19th December 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (Nov.) The 2.4% m/m increase in mortgage applications for home purchase in November more than reversed the previous month’s drop. But the bigger picture is that home purchase demand has made no sustained... 6th December 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Oct.) Annual house price growth on the CoreLogic measure reached 7.0% in October, marking four consecutive months of gains over 6%. But even as inventory levels have seen further falls, active housing... 5th December 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Sep.) The strong monthly rise in house prices reported by Case-Shiller for September is not a sign that house price growth is accelerating. Indeed, weakening buyer sentiment and house price expectations... 28th November 2017 · 1 min read
US Housing Market Data Response New Home Sales (Oct.) Following a large jump in September, new home sales surprised on the upside again in October with a gain of 6.2% m/m pushing sales to a 10-year high. But that boost to activity has weighed on... 27th November 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (Oct.) Existing home sales rose for the second month in a row in October, with a larger than expected gain of 2.0% m/m. But that rise has only worsened what was an already very low level of inventory. With... 21st November 2017 · 1 min read
US Housing Market Data Response Housing Starts (Oct.) After falling for three months in a row, the 13.7% m/m rise in housing starts in October is welcome news. Admittedly, much of the rise was driven by the very volatile multifamily sector, which is... 17th November 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Sep.) Annual house price inflation came in at 7% in September according to CoreLogic, as tight market conditions put further upward pressure on home values. However, higher mortgage interest rates, falling... 7th November 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (Oct.) A rise in mortgage interest rates led to a drop in applications for refinance in October, and low inventory levels are continuing to hit demand for purchase applications. As a result, total mortgage... 1st November 2017 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q3) The marginal dip in the seasonally-adjusted homeownership rate in the third quarter is another indication of the impact of low inventory on the housing market. Indeed, the homeowner vacancy remains... 31st October 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Aug.) Case-Shiller reported that annual house price growth exceeded 6% for the first time in over three years in August, even as mortgage applications for home purchase have edged down. Prices are being... 31st October 2017 · 1 min read
US Housing Market Data Response New Home Sales (Sep.) New home sales surged by 19% m/m in September to close to a 10-year high. However, this follows two months of subdued data, meaning that sales across Q3 were broadly unchanged from Q2. 25th October 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (Sep.) Existing home sales posted a modest month-on-month gain in September, ending a run of three consecutive monthly falls. But that rise would need to be extended for several months before it altered the... 20th October 2017 · 1 min read
US Housing Market Data Response Housing Starts (Sep.) Housing starts continued their disappointing run in September, contracting for the third month in a row to leave them at their lowest level for a year. Hurricanes Harvey and Irma look to have had some... 18th October 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (Sep.) Following two months of declines, mortgage applications for home purchase rose by a marginal 2.0% m/m in September. But that rise reflected buyers bringing applications forward at the start of the... 4th October 2017 · 1 min read