US Housing Market Data Response New Home Sales (Aug.) The increase in new home sales to a six-year high in August suggests that looser credit conditions and strengthening economic activity are finally giving households the confidence to purchase a new... 24th September 2014 · 1 min read
US Housing Market Data Response Existing Home Sales (Aug.) The decline in existing home sales in August hints at a vulnerability in the recovery in sales activity – it’s built on higher than normal levels of cash buyers and investors. These groups took a step... 22nd September 2014 · 1 min read
US Housing Market Data Response Housing Starts (Aug.) The decline in housing starts in August was worse than we or the consensus had anticipated and stands in stark contrast to surging homebuilder confidence. This weakness should prove temporary, however... 18th September 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (Aug.) Mortgage applications for home purchase fell to their lowest level since 1995 in August. Yet other measures of mortgage market activity, such as the Fed’s Senior Loan Officer Survey, suggest that... 3rd September 2014 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jul.) Having all-but stalled during the previous three months, the CoreLogic measure of house prices posted a decent gain in July. But this is probably no more than a temporary reprieve, and we expect house... 2nd September 2014 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Jun.) The monthly Case-Shiller 20-City measure of house prices posted its second consecutive fall in June. Year-on-year house price inflation has slowed considerably this year, in line with our long... 26th August 2014 · 1 min read
US Housing Market Data Response New Home Sales (Jul.) The decline in new home sales in July, albeit from an upwardly revised level in June, is further evidence that the new homes sector is failing to share in the wider economic recovery. Nevertheless... 25th August 2014 · 1 min read
US Housing Market Data Response Existing Home Sales (Jul.) The unexpected gain in existing home sales in July extends the run of rising sales to four months. Recent falls in mortgage interest rates and the steadily improving labour market mean that the... 21st August 2014 · 1 min read
US Housing Market Data Response Housing Starts (Jul.) The sharp rise in housing starts in July is an encouraging sign that the recovery in construction activity is getting back on track. Booming homebuilder confidence points to further gains to come. 19th August 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (Jul.) The downward trend in mortgage rates seen over the first half of the year has ended, with rates unchanged in July. That helps explain why mortgage applications for refinancing fell during the month. A... 6th August 2014 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jun.) According to CoreLogic, house prices only managed to hold their ground in June, and have not seen a month-on-month rise since March. A loosening in supply conditions has helped to rein in house price... 5th August 2014 · 1 min read
US Housing Market Data Response New Home Sales (Jun.) June’s new home sales data point to a market that is struggling to capitalise on the recovery that is underway in the rest of the US economy. Yet there are good reasons to expect new home sales to... 24th July 2014 · 1 min read
US Housing Market Data Response Existing Home Sales (Jun.) The rise in existing home sales reflects the recent decline in mortgage interest rates,stronger job growth and the continued unwinding of the weather effect from earlier inthe year. While the legacy... 22nd July 2014 · 1 min read
US Housing Market Data Response Housing Starts (Jun.) The sharp drop in housing starts in June suggests that the shortage of labour and lots is weighing on construction volumes. But the excess of household formation over homebuilding suggests that the... 17th July 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (Jun. 14) The further slight decline in mortgage interest rates in June was enough to bump up mortgage applications for remortgaging. But that was offset by a drop in mortgage applications for home purchase... 2nd July 2014 · 1 min read
US Housing Market Data Response CoreLogic House Prices (May 14) The monthly pace of house price gains slowed for the fourth consecutive month in May, to just 0.1% m/m. Looking ahead, loosening housing market supply conditions will keep house price inflation... 1st July 2014 · 1 min read
