US Housing Market Data Response Mortgage Applications (Feb.) The rise in mortgage rates put a dampener on mortgage applications in February. However, with affordability set to remain favourable and the wider economy growing strongly, mortgage volumes and home... 4th March 2015 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jan.) A surge in house price inflation in January could be the start of a temporary period of faster price growth, caused by tighter supply conditions and the strength of the wider economy. But with housing... 3rd March 2015 · 1 min read
US Housing Market Data Response Mortgage Delinquencies (Q4) At 5.7% in the fourth quarter of last year, the mortgage delinquency rate has fallen close to the long run average of 5.0%-5.5%. Admittedly, the foreclosure start rate and foreclosure inventory rate... 26th February 2015 · 1 min read
US Housing Market Data Response New Home Sales (Jan.) New home sales sustained almost all of December’s seven-year high in January, falling by a marginal 0.2% m/m. The strong labour market and loosening mortgage credit conditions mean that the outlook... 25th February 2015 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Dec.) December marked the fourth consecutive month during which house prices rose by at least 0.5% m/m. The slight acceleration in price growth at the end of last year reflects the tightening in housing... 24th February 2015 · 1 min read
US Housing Market Data Response Existing Home Sales (Jan.) The drop in home sales at the start of 2015 is not a sign that the (admittedly lacklustre) housing recovery is coming off the rails. Strong employment growth and signs that wage growth will soon... 23rd February 2015 · 1 min read
US Housing Market Data Response Housing Starts (Jan.) With mortgage credit conditions loosening, the labour market on fire and household formation strengthening, January’s decline in housing starts should soon give way to solid gains in homebuilding. 18th February 2015 · 1 min read
US Housing Market Data Response Mortgage Applications (Jan.) The further drop in 30-year mortgage interest rates, to an 18-month low of 3.8%, is starting to be reflected in mortgage applications. Refinancing activity is set for a sustained boom, while the lift... 4th February 2015 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Dec.) House price pressures came off the boil at the end of 2014, with the year-on-year rate of house price inflation at or around 5% during the final four months of the year. With the supply of homes for... 3rd February 2015 · 1 min read
US Housing Market Data Response Homeownership and Vacancy Rates (Q4) The homeownership rate fell again at the end of last year, but the decade-long decline in the share of the population who own their home may now be drawing to an end. In the meantime, however, supply... 29th January 2015 · 1 min read
US Housing Market Data Response Case-Shiller Prices & New Home Sales (Nov./Dec.) The strong rise in new home sales in December, which followed an encouraging gain in existing home sales in the same month, means that housing market supply conditions are tightening. That’s putting... 27th January 2015 · 1 min read
US Housing Market Data Response Existing Home Sales (Dec.) November’s 6% drop in existing home sales always looked suspicious, given the strength of recent macro-economic data and the drop in borrowing costs. So confirmation that sales ended the year on a... 23rd January 2015 · 1 min read
US Housing Market Data Response Housing Starts (Dec.) The rise in housing starts in December, as well as the upward revisions to the previous two months’ data, suggests that homebuilding was gathering momentum in the closing stages of 2014. The latest... 21st January 2015 · 1 min read
US Housing Market Data Response Mortgage Applications (Dec.) The further drop in 30-year mortgage interest rates, to within a whisker of 4%, as well as the rip-roaring performance of the labour market, are yet to be reflected in mortgage applications. But there... 7th January 2015 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Nov.) It is too soon to tell whether the slight moderation in the month-on-month rate of house price inflation in November is the first sign that price pressures are coming off the boil again. Regardless... 6th January 2015 · 1 min read
US Housing Market Data Response New Home Sales (Nov.) The new homes market continues to be very subdued, with a further drop in sales in November pushing the stock of new homes up for the ninth month in a row. But a number of factors, including strong... 23rd December 2014 · 1 min read
