US Housing Market Data Response Case-Shiller Prices / New Home Sales (Feb./Mar.) The pace of house price gains slowed in February according to Case-Shiller, with the smallest month-on-month rise since July last year. But a strong rise in new home sales in March has pushed down... 25th April 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (Mar.) Existing home sales delivered an upside surprise in March, reaching their highest level in almost a decade. Yet that rise needs to be seen in the context of the previous month’s sharp drop and sales... 21st April 2017 · 1 min read
US Housing Market Data Response Housing Starts (Mar.) Although larger than expected, the 6.8% m/m drop in starts in March was not significant given the instability of the monthly data. Looking ahead, high home-builder confidence and a chronic shortage of... 18th April 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (Mar.) Mortgage applications for home purchase and refinance, as well as mortgage interest rates, were all stable during March. Indeed, all three have barely changed since the end of last year. Interest... 5th April 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Feb.) Very low inventory levels and steady demand combined to drive up house prices in February. A 0.9% m/m gain after seasonal-adjustment was the fastest rate of growth since April 2013. Anyone looking to... 4th April 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Jan.) House prices made a strong start to 2017, with a 0.6% m/m gain in January. That pushed the annual rate up to a 31-month high of 5.9%. Very tight market conditions suggest that price growth will... 28th March 2017 · 1 min read
US Housing Market Data Response New Home Sales (Feb.) Good weather and a lack of existing homes for sale gave the new homes sector a boost in February, generating a robust 6.1% m/m rise in sales. A shortage of cheaper, starter homes will weigh on sales... 23rd March 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (Feb.) A lack of inventory weighed on existing home sales in February, which contracted by 3.7% m/m. With little chance of a sustained rise in the number of existing homes for sale over the next year, sales... 22nd March 2017 · 1 min read
US Housing Market Data Response Housing Starts (Feb.) A rise in single-family construction helped total housing starts edge out a small monthly gain of 3% in February. With homebuilder confidence at a 12-year high, partly down to an expectation that... 16th March 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jan.) The recent strength in house prices shows no signs of losing steam, with another strong gain in January according to the CoreLogic measure. With housing demand holding up even in the face of higher... 7th March 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (Feb.) Mortgage rates and applications for refinance were essentially unchanged in February, while the drop in home purchase applications likely reflects an unwinding of the jump in mortgage demand which... 1st March 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Dec.) Annual house price growth reached 5.8% in December according to Case-Shiller, the fastest pace of growth for 2½ years. With market conditions set to remain tight, as faster income growth supports... 28th February 2017 · 1 min read
US Housing Market Data Response New Home Sales (Jan.) At 3.7% m/m in January, the rise in new home sales came in slightly below expectations. Very wet weather in the West seems partly to blame. The good news is that with inventory levels improving... 24th February 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (Jan.) Existing home sales in January saw the largest month-on-month gain in nearly a year, to take them to their highest level since early 2007. The post-Trump jump in mortgage applications will have helped... 22nd February 2017 · 1 min read
US Housing Market Data Response Housing Starts (Jan.) Homebuilding activity has made a slow start to 2017, with housing starts falling back by 2.6% m/m in January. The jump in homebuilder confidence following Trump’s win has also been gradually unwinding... 16th February 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Dec.) The recent strength in house price growth continued in December according to CoreLogic. Prices were estimated to have increased 7.2% in 2016 – the fastest pace of growth for 2½ years. With inventory... 7th February 2017 · 1 min read
