US Housing Market Data Response CoreLogic House Prices (Sep.) After seasonal adjustment, house prices on the Core-Logic measure jumped by 1.4% m/m in September. That reading will almost certainly be revised down next month, but even so it is clear that house... 1st November 2016 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q3) The drop in the homeownership rate in the second quarter was reversed in the third, as a favourable economic backdrop allowed for a gradual rise in first-time buyers. As a result, the number of rental... 27th October 2016 · 1 min read
US Housing Market Data Response New Home Sales (Sep.) The small 3.1% m/m rise in new home sales in September comes after a significant downward revision to August’s reading, highlighting that low inventory levels are preventing any sustained rise in... 26th October 2016 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Aug.) The 0.6% m/m gain in house prices on the Case-Shiller measure in August was the largest for 10-months. Given very tight market conditions, that acceleration was expected, and further house price gains... 25th October 2016 · 1 min read
US Housing Market Data Response Existing Home Sales (Sep.) Existing home sales rose by a respectable 3.2% m/m in September, helped by a welcome rise in the share of first-time buyers. But with inventory levels still very low, rising housing demand is more... 20th October 2016 · 1 min read
US Housing Market Data Response Housing Starts (Sep.) The sharp drop in housing starts in September was concentrated in the volatile multifamily sector, so shouldn’t ring too many alarm bells. And with building permits seeing a strong pick-up, much of... 19th October 2016 · 1 min read
US Housing Market Data Response Mortgage Applications (Sep.) The 4.1% m/m rise in mortgage applications for home purchase in September does nothing to change the fact that mortgage demand has stalled since the start of the year. A lack of inventory is... 5th October 2016 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Aug. 16) Even accounting for the fact that the first estimate of house prices by CoreLogic is likely to be revised down, it is clear the house prices are accelerating. After seasonal-adjustment prices surged... 4th October 2016 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Jul. 16) House price gains are picking up pace as buyers compete for a very limited number of homes for sale. At the national level, the 0.4% m/m rise in July was the largest for six months. And with supply... 27th September 2016 · 1 min read
US Housing Market Data Response New Home Sales (Aug. 16) The drop in new home sales in August was smaller than expected, and comes on the back of an upwardly revised surge in sales in July. That has kept market conditions tight, which will weigh on activity... 26th September 2016 · 1 min read
US Housing Market Data Response Existing Home Sales (Aug. 16) Existing home sales fell in August, as extremely tight market conditions outweighed any boost to housing demand from favourable economic trends. With the inventory of homes for sale at its lowest for... 22nd September 2016 · 1 min read
US Housing Market Data Response Housing Starts (Aug. 16) As expected, housing starts fell back in August. But more of a worry is that building permits fell for the second consecutive month, indicating that builders have yet to respond to tight market... 20th September 2016 · 1 min read
US Housing Market Data Response Mortgage Applications (Aug.) Despite a positive economic backdrop supporting housing demand, very low levels of housing inventory are putting off potential buyers. Mortgage applications for home purchase fell for the second... 7th September 2016 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jul.) The large 0.9% m/m gain in house prices reported by CoreLogic in July is likely to be revised down in due course. But with inventory levels at 15-year lows, the conditions are in place for house price... 6th September 2016 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Jun. 16) At the national level, house prices rose only modestly in June according to Case-Shiller. But, with market conditions tightening, we suspect gains will accelerate from here and for now see no reason... 30th August 2016 · 1 min read
US Housing Market Data Response Existing Home Sales (Jul. 16) A lack of inventory is constraining existing home sales, with July’s drop reversing much of the growth seen in the previous three months. Indeed, the number of existing homes for sale is now at a 15... 26th August 2016 · 1 min read
