US Housing Market Data Response Mortgage Applications (Jan.) A fall in mortgage interest rates helped to boost mortgage applications in January. And although we think rates will increase this year, a strong labour market and easing in lending standards will... 3rd February 2016 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Dec.) While we wouldn’t place too much faith in December’s reading of a strong 1.5% m/m gain in house prices, the latest CoreLogic report continues the recent theme of gradually rising house prices as... 2nd February 2016 · 1 min read
US Housing Market Data Response New Home Sales (Dec.) New home sales followed in the path of existing sales by surging 10.8% in the final month of the year. But while the jump in existing sales was due to volatility caused by TRID, the rise in new home... 27th January 2016 · 1 min read
US Housing Market Data Response Existing Home Sales (Dec.) Existing home sales rebounded in style in December – recording their largest month-on-month gain since records began in 1968. The jump was due to the introduction of TRID disclosure rules in early... 22nd January 2016 · 1 min read
US Housing Market Data Response Housing Starts (Dec.) Even with the unseasonably warm weather giving housing starts a boost in the Northeast, across the country as a whole starts dropped by a marginal 2.5% in December. While that is something of a... 20th January 2016 · 1 min read
US Housing Market Data Response Mortgage Applications (Dec.) The collapse in refinancing activity in the final week of 2015 looks to reflect seasonal issues, rather than a reaction to the Fed hiking interest rates. Indeed, applications for home purchase held up... 6th January 2016 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Nov.) House price growth is accelerating as a rise in demand has combined with low inventory levels to boost sellers’ bargaining power. Increases in interest rates will act to cool the market to some extent... 5th January 2016 · 1 min read
US Housing Market Data Response New Home Sales (Nov.) Solid new home sales data for November lend weight to the idea that yesterday’s slump in existing home sales was a blip, not a cause for concern. 23rd December 2015 · 1 min read
US Housing Market Data Response Existing Home Sales (Nov.) November’s slump in existing home sales was widespread, suggesting that new regulation, or perhaps concern about December’s rate rise, may have played a role. Either way, with housing fundamentals... 22nd December 2015 · 1 min read
US Housing Market Data Response Housing Starts (Nov.) As expected, housing starts reversed nearly all of last month’s drop, rising by a substantial 10.5% m/m in November. Moreover, building permits recorded their strongest month-on-month gain for five... 16th December 2015 · 1 min read
US Housing Market Data Response Mortgage Applications (Nov.) A rise in mortgage rates led to a sharp drop in mortgage refinancing activity in November. But applications for home purchase fared better, with the weekly breakdown showing an encouraging rise in... 2nd December 2015 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Oct.) On a seasonally-adjusted basis, the 2% m/m rise in house prices in October was the highest since 2005. And although that figure is likely to be revised down, it is clear that very tight market... 1st December 2015 · 1 min read
US Housing Market Data Response New Home Sales (Oct.) US high-yield corporate bonds have performed poorly in November amid concerns over the renewedfall in commodity prices and the prospect of tighter US monetary policy. Looking ahead, we do notthink... 25th November 2015 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Sep.) Case-Shiller reported that annual house price growth accelerated to 4.9% in September, the highest rate in more than a year. Low numbers of homes for sale mean that even a small increase in housing... 24th November 2015 · 1 min read
US Housing Market Data Response Existing Home Sales (Oct.) As expected, existing home sales contracted in October. While housing demand is being supported by a strengthening labour market and gradual easing in credit conditions, a lack of housing inventory is... 23rd November 2015 · 1 min read
US Housing Market Data Response Housing Starts (Oct.) October’s double-digit drop in housing starts was disappointing. But there are good reasons to believe that starts will bounce back in November. 18th November 2015 · 1 min read
