US Housing Market Data Response Case-Shiller Prices & New Home Sales (Apr/May) The sharp slowdown in house price inflation in April is unlikely to be a one-off. House price gains will slow further now that housing supply conditions are loosening. 24th June 2014 · 1 min read
US Housing Market Data Response Existing Home Sales (May) The strong rise in existing home sales in May probably reflects the milder weather and the 35 basis point decline in 30-year mortgage interest rates so far in 2014. We expect the improvement in home... 23rd June 2014 · 1 min read
US Housing Market Data Response Housing Starts (May) The fall in housing starts in May is not a surprise given the size of the gain the month before, although the size of the decline was bigger than we or the consensus expected. Looking ahead, there are... 17th June 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (May 14) The fall in mortgage applications for home purchase over the past week left them languishing at a six-week low. But with housing still undervalued, the economy gathering momentum and mortgage interest... 4th June 2014 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Apr. 14) CoreLogic house price data for April show that the annual pace of house price gains moderated for the second consecutive month. While the process still has some way to go, the data add to the evidence... 3rd June 2014 · 1 min read
US Housing Market Data Response Case-Shiller Home Prices (Q1 14) The first quarter Case-Shiller figures provide further evidence that the slowdown in the pace of house price gains that we have been expecting is now in train. It’s not implausible that the year-on... 27th May 2014 · 1 min read
US Housing Market Data Response New Home Sales (Apr. 14) In April, new home sales reversed most of the previous month’s decline to stand just4% below the high seen in October last year. Alongside yesterday’s modest rise inexisting home sales, the data... 23rd May 2014 · 1 min read
US Housing Market Data Response Existing Home Sales (Apr.14) Existing home sales registered their first rise in four months in April. And to the extent that a lack of stock has been holding back activity rates in recent months, the further rise in the number of... 22nd May 2014 · 1 min read
US Housing Market Data Response Mortgage Delinquencies (Q1 14) Last year’s rise in mortgage interest rates may have dented home sales and housing starts, but it has not dented the downward trend in the number of US households suffering mortgage payment problems... 15th May 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (Apr.14) The rise in mortgage applications for home purchase in April, alongside the recent pick-up in the Fed’s measure of the value of residential mortgage lending, are encouraging signs that mortgage... 7th May 2014 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Mar.) House price gains have held steady at 11%-12% y/y for a year now. But the tight supply conditions which have driven these gains are now loosening, pointing to a moderation in price rises before too... 6th May 2014 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates & Case-Shiller (Q1/Feb. 14) The increase in the share of households renting to a 19-year high in Q1, and the low supply of homes entering the rental market, look like boons for both rental value growth and multi-family... 29th April 2014 · 1 min read
US Housing Market Data Response New Home Sales (Mar 14.) The plunge in new home sales in March raises difficult questions about the sustainability of the housing recovery. But with other parts of the economy starting to shrug off the winter malaise, we are... 23rd April 2014 · 1 min read
US Housing Market Data Response Existing Home Sales (Mar.14) The latest small decline in existing home sales cannot easily be passed off as weather-related weakness, as those regions which suffered most from the severe weather saw sales bounce back in March... 22nd April 2014 · 1 min read
US Housing Market Data Response Housing Starts (Mar 14.) The below-expectations increase in housing starts in March, which made up for only one-fifth of earlier weather-related falls, suggests that the shortage of labour and lots is constraining the... 16th April 2014 · 1 min read
US Housing Market Data Response Mortgage Applications (Mar.14) The slight increase in mortgage applications for home purchase in March was a step in the right direction. But mortgage demand will have to rise much more strongly than this if mortgage-dependent... 2nd April 2014 · 1 min read
