US Housing Market Data Response CoreLogic House Prices (Aug.) The August CoreLogic house price index shows that house prices are continuing to come under upward pressure. A robust 0.8% m/m gain pushed the annual rate to a three-year high. Given how tight market... 3rd October 2017 · 1 min read
US Housing Market Data Response Case-Shiller Prices / New Home Sales (Jul./Aug.) Despite a relatively healthy supply of new homes for sale, sales surprised on the downside in August, falling by 3.4% m/m. But even with home sales falling, overall conditions in the housing market... 26th September 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (Aug.) Existing home sales saw a 1.7% m/m drop in August, the third month in a row of falling sales. As has been the case for some time, a lack homes for sale was the cause of the drop. Despite a rise in the... 20th September 2017 · 1 min read
US Housing Market Data Response Housing Starts (Aug.) Housing starts failed to make any progress in August, dropping by 0.8% m/m. Admittedly, the decline was driven by the volatile multifamily sector. But the building permit data also show that single... 19th September 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (Aug.) Mortgage rates declined in each week of August to reach 4.06%, a 10-month low. But while that spurred an 8.8% m/m rise in refinance applications, mortgage applications for home purchase dropped for... 6th September 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jul.) House prices continued to march higher in July according to CoreLogic, with a monthly gain of 0.8% m/m after seasonal adjustment. Tight market conditions are responsible for the steady rise in prices... 5th September 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Jun.) The 5.8% annual gain in house prices reported by Case-Shiller in June was the highest in three-years, as a shortage of inventory boosted prices even as active housing demand has edged back. Tight... 29th August 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (Jul.) As expected, the lack of homes for sale weighed on existing home sales in July, pushing them down to their lowest level in almost a year. But those homes which are for sale are selling very quickly... 24th August 2017 · 1 min read
US Housing Market Data Response New Home Sales (Jul.) Against expectations of a small rise, new home sales fell by 9.4%m/m in July and saw their first annual decline in 1½ years. But new homes are selling very quickly, which suggests underlying housing... 23rd August 2017 · 1 min read
US Housing Market Data Response Housing Starts (Jul.) Housing starts surprised on the downside in July, with a 4.8% m/m fall pushing starts to a three-month low. The drop was entirely down to the multifamily sector, with single-family starts holding... 16th August 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (Jul.) Mortgage applications fell in July, primarily due to a fall in refinancing. But home purchase applications dropped too, held back by low inventory. So while robust job creation and easing lending... 2nd August 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jun.) According to Corelogic, annual house price growth rose to 6.7% in June. But while market conditions remain tight, new homes inventory is steadily rising and cautious home appraisals are holding back... 1st August 2017 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q2) The homeownership rate hit a three year high in the second quarter, as a strong labour market contributed to a gradual rise in the number of first-time buyers. But the fact that the homeowner vacancy... 27th July 2017 · 1 min read
US Housing Market Data Response New Home Sales (Jun.) The marginal 0.8% m/m rise in new home sales in June provides further evidence that sales volumes are struggling to gain momentum despite the fact that new homes are selling at the fastest pace since... 26th July 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (May) Case-Shiller reported a marginal easing in monthly house price pressures in May. But that softening reflects problems with the seasonal-adjustment process. Annual growth was unchanged at a robust 5.6%... 25th July 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (Jun.) Given the very low level of inventory, the 1.8% m/m drop in existing home sales in June was expected. Sales have now made no progress over the past year, even as robust housing demand means those... 24th July 2017 · 1 min read
