US Housing Market Data Response Case-Shiller Prices / New Home Sales (Jun./Jul.) New home sales reversed part of June’s sharp fall in July, and alongside a surge in existing sales that has led to the tightest market conditions in a decade. Surprisingly, those tight conditions have... 25th August 2015 · 1 min read
US Housing Market Data Response Existing Home Sales (Jul.) Against expectations, existing home sales rose once again in July, to their highest level since the start of 2007. But with the months’ supply of existing homes dropping to its lowest level in a... 20th August 2015 · 1 min read
US Housing Market Data Response Housing Starts (Jul.) The recovery in housing starts continues, as builders respond to improving demandfor new-build homes. The expiry of a tax-break in New York City has distorted thebuilding permit data but other leading... 18th August 2015 · 1 min read
US Housing Market Data Response Mortgage Delinquencies (Q2) The share of mortgage borrowers having trouble with repayments dropped again in the second quarter, thanks to low mortgage rates, rising house prices and a solid labour market. That progress should... 13th August 2015 · 1 min read
US Housing Market Data Response Mortgage Applications (Jul.) The upward trend in mortgage interest rates seems to be holding back mortgage applications. However, provided the labour market continues to strengthen as we expect, looser credit conditions and... 5th August 2015 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jun.) Although the CoreLogic measure of annual house price growth increased again in June, the underlying pace of gains has slowed since the start of the year. As a result, the index is finally falling back... 4th August 2015 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates / Case-Shiller (Q2/May) Today’s housing market data suggest that the recent slowdown in house price growth may now be going into reverse. They also support our view that rental value growth could soon reach a 30-year high. 28th July 2015 · 1 min read
US Housing Market Data Response New Home Sales (Jun.) New home sales unexpectedly declined in June, and have struggled to make much progress since the start of the year. However, the recent growth in existing sales shows that housing demand is... 24th July 2015 · 1 min read
US Housing Market Data Response Existing Home Sales (Jun.) The rise in existing home sales to their highest level since before the financial crisis provides further evidence that the housing recovery has shifted into a higher gear. The resilience of the wider... 22nd July 2015 · 1 min read
US Housing Market Data Response Housing Starts (Jun.) The strong rise in housing starts in June suggests that the home building recovery is building momentum after recent volatility. With demand for new homes strengthening and home builder confidence at... 17th July 2015 · 1 min read
US Housing Market Data Response CoreLogic House Prices (May) A slowdown in the monthly pace of price growth suggests that the CoreLogic index is finally falling back into line with other measures. After the rapid acceleration at the start of the year, we expect... 7th July 2015 · 1 min read
US Housing Market Data Response Mortgage Applications (Jun.) Home purchase mortgage applications edged higher again in June despite another big rise in interest rates. The pace of growth has slowed, but we are hopeful that mortgage demand can make more... 1st July 2015 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Apr.) The continued slowdown in the Case-Shiller measure of house price growth seems odd when other indicators of housing activity have strengthened markedly and the wider economy is growing at a healthy... 30th June 2015 · 1 min read
US Housing Market Data Response New Home Sales (May) Strong growth in both new and existing sales in May pushed total home sales up to an eight-year high. This confirms that the renewed strength in the labour market and consumer spending are feeding... 23rd June 2015 · 1 min read
US Housing Market Data Response Existing Home Sales (May) Existing home sales rebounded to their highest level in almost six years in May, showing that the boosts to housing activity from strong jobs growth and looser credit conditions have outweighed any... 22nd June 2015 · 1 min read
US Housing Market Data Response Housing Starts (May) Despite the drop back in housing starts in May, the recent data show that homebuilders’ confidence in the housing recovery is growing. Coupled with mounting evidence of a second-quarter rebound in the... 16th June 2015 · 1 min read
