US Housing Market Data Response Housing Starts (Jun.) Housing starts surprised on the upside in June, with the 8.3% m/m increase breaking a three-month run of declines. While rising material prices dented homebuilder confidence in July, very tight market... 19th July 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (Jun.) Mortgage applications for home purchase lost some steam in June, with the 0.9% m/m increase the smallest since February. With mortgage interest rates once again on the rise, and a severe shortage of... 6th July 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (May) Annual house price inflation was a robust 6.6% in May according to CoreLogic. The chronic lack of inventory is behind the rise, and with limited chance of inventory levels improving this year, house... 5th July 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Apr.) The 0.2% m/m gain in house prices was the smallest gain on the Case-Shiller measure since May 2014, and appears to confirm that price pressures have been easing since February. However, an easing in... 27th June 2017 · 1 min read
US Housing Market Data Response New Home Sales (May) As expected, new home sales bounced back from their large drop in April, with a solid 2.9% m/m rise in May. A strong economic backdrop and relatively large inventory of new homes should underpin sales... 23rd June 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (May) The 1.1% m/m rise in existing home sales in May was better than expected, although that only partly revered the previous month’s decline. The bad news is that May’s rise in sales has only worsened the... 21st June 2017 · 1 min read
US Housing Market Data Response Housing Starts (May) Housing starts once again surprised on the downside in May, contracting for the third month in a row. The multifamily sector is primarily responsible for the decline, but single-family starts have... 16th June 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (May.) Mortgage applications jumped by 7% in the week ending 2nd of June. Despite a fall in mortgage rates, that rise was driven not by remortaging, but by applications for home purchase, which were last... 7th June 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Apr.) After seasonal-adjustment, CoreLogic reported that house price gains stabilised at a robust 0.8% m/m in April. A lack of homes for sale is acting to dissuade some buyers from entering the market... 6th June 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Mar.) Disappointing activity data of late has not prevented headline rates of house price inflation from picking up again in the year to March. We expect house price inflation edge up further in the second... 30th May 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (Apr.) The inventory of existing single-family homes for sale declined once again in April, and now stands at a 22-year low. That lack of supply contributed to a modest drop in home sales, despite some signs... 24th May 2017 · 1 min read
US Housing Market Data Response New Home Sales (Apr.) New home sales recorded their largest monthly decline in over two years in April, reversing nearly all of the gains seen since the start of the year. Given the extremely low numbers of existing homes... 23rd May 2017 · 1 min read
US Housing Market Data Response Housing Starts (Apr.) Housing starts surprised on the downside in April, dropping by 2.6% m/m and taking starts back to where they were a year ago. While the building permit data suggest the chance of a recovery in May is... 16th May 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (Apr.) Despite a drop in mortgage rates, mortgage applications for both home purchase and refinance essentially just held their ground in April. That subdued picture reflects a lack of homes for sale, as... 3rd May 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Mar.) The March CoreLogic house price index offered no evidence of a let-up in house price growth. After seasonal-adjustment, the 0.9% m/m gain was the same as that seen in February. That pushed the annual... 2nd May 2017 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q1) The homeownership rate edged up in the first quarter of 2017, but a recovery has been held back by the low number of homes available to buy. In turn, the shortage of existing homes is, in part, down... 27th April 2017 · 1 min read
