US Housing Market Data Response Mortgage Applications (Jan.) After jumping following Trump’s win in November, mortgage applications for home purchase held their ground in January. But a lack of housing inventory will act to constrain demand for home purchase... 1st February 2017 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q4) After reaching a 50-year low in mid-2016, the homeownership rate edged up for the second consecutive time in the final quarter. A lack of inventory is preventing a faster rebound in homeownership... 31st January 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Nov.) Case-Shiller reported that average US house prices rose by 0.8% m/m in November, continuing the recent trend of significant gains. With housing demand rising on the back of Trump’s win, and inventory... 31st January 2017 · 1 min read
US Housing Market Data Response New Home Sales (Dec.) New home sales fell further than expected in December, ending 2016 on something of a weak note. But the monthly data are very volatile. And with mortgage applications rising, and housing starts set to... 26th January 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (Dec.) Existing homes sales dropped back in December, as the lowest level of inventory since records began in 1999 weighed on activity. That shortage of homes for sale also suggests that any boost to housing... 24th January 2017 · 1 min read
US Housing Market Data Response Housing Starts (Dec.) December’s jump in housing starts was driven by the volatile multifamily sector, implying that homebuilding activity may not be quite as buoyant as it initially seems. But single-family permits... 19th January 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (Dec.) The expectation that mortgage rates are set to continue to rise following Trump’s win helped support mortgage applications for home purchase in December. While that boost will soon subside, faster... 4th January 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Nov.) The recent acceleration in house prices picked up pace in November, with CoreLogic reporting that annual growth exceeded 7% for the first time since May 2014. A spike in housing demand following Trump... 3rd January 2017 · 1 min read
US Housing Market Data Response Housing Starts (Nov.) The 18.7% m/m drop in housing in starts in November was largely expected given the surge recorded in October. In any event, the drop was concentrated in the volatile multifamily sector. With... 16th December 2016 · 1 min read
US Housing Market Data Response Mortgage Applications (Nov.) The sharp rise in mortgage rates following Trump’s win has had differing impacts on mortgage applications for refinance and home purchase. While refinancing activity continued to decline in November... 7th December 2016 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Oct.) The October CoreLogic report provides further evidence that house price growth is gathering pace. Even accounting for the fact that the initial estimate of a 1.5% m/m gain will be revised down in due... 6th December 2016 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Sep.) The 0.8% m/m gain in house prices on the Case-Shiller measure in September means prices are on track to meet our forecast for a 6% rise this year. Beyond that, higher mortgage interest rates will take... 29th November 2016 · 1 min read
US Housing Market Data Response New Home Sales (Oct.) New home sales fell in October, as low levels of inventory continued to bite. And while a rise in housing starts could help, any boost to home sales will take time to manifest itself. 23rd November 2016 · 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, although the gain of 2% m/m was modest. A lack of inventory is preventing an otherwise favourable economic backdrop from giving sales... 22nd November 2016 · 1 min read
US Housing Market Data Response Housing Starts (Oct.) The 25.5% m/m rise in housing starts in October was the largest since 1982, and starts were up in all regions and across both the single and multifamily sectors. While some of that gain will be... 17th November 2016 · 1 min read
US Housing Market Data Response Mortgage Applications (Oct.) A rise in mortgage rates led a drop in refinancing activity in October, and a lack of housing inventory pushed applications for home purchase to their lowest level since the start of the year. With... 2nd November 2016 · 1 min read
