US Housing Market Data Response Existing Home Sales (Jun 13.) The decline in sales and the rise in inventories means that supply conditions in the existing homes market are now the loosest they have been this year. That looks consistent with a slowdown in the... 22nd July 2013 · 1 min read
US Housing Market Data Response Housing Starts (Jun.) Housing starts extended their recent rollercoaster ride in June, falling by 9.9% m/m. This reflects a characteristically volatile multi-family sector rather than renewed weakness, and we expect... 17th July 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (Jun.) Mortgage applications for refinancing tumbled in the face of higher mortgage interest rates in June. But applications for home purchase, which are a better indicator of underlying housing demand, were... 3rd July 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (May 13) There were few signs of a slowdown in house price gains in the most recent CoreLogic data. But with supply now on the rise, double-digit price gains may not be the norm for too much longer. 2nd July 2013 · 1 min read
US Housing Market Data Response Case-Shiller Prices & New Home Sales (Apr/May) The Case-Shiller house price index posted one of its largest month-on-month rises so far in the recovery in April, and new home sales registered a solid increase in May. But while sales activity can... 25th June 2013 · 1 min read
US Housing Market Data Response Existing Home Sales (May 13) The number of existing home sales broke decisively above the five million mark in May, while the supply of existing homes for sale continued to creep upwards. 20th June 2013 · 1 min read
US Housing Market Data Response Housing Starts (May 13) The rise in housing starts in May was driven by a surge in multi-family starts and went some way to reversing April’s big drop. Despite some headwinds, starts are on track to increase further over the... 18th June 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (May) For all the talk of a renewed US housing bubble, today’s mortgage applications data are a reminder that the recovery remains highly dependent on loose monetary policy. 5th June 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Apr.) House price gains of 12% per annum are clearly not sustainable. But in the short-term, news that the housing sector shows few signs of slowing will surely be something of a relief, following yesterday... 4th June 2013 · 1 min read
US Housing Market Data Response Case-Shiller Home Prices (Q1) In the first quarter, the annual rate of house price growth moved back into double-digit territory on each of the three main Case-Shiller Home Price Indices. These were the first double-digit readings... 28th May 2013 · 1 min read
US Housing Market Data Response New Home Sales (Apr. 13) Another rise in new home sales in March means that February’s unexpected dip has now been almost fully reversed. And with sales up by 29% over the past year, nearly double the 15% growth seen in the... 23rd May 2013 · 1 min read
US Housing Market Data Response Existing Home Sales (Apr. 13) The underlying recovery in existing home sales continued in April. But the real news in today’s NAR release was the drop in distressed sales and the gain in the inventory of homes for sale. 22nd May 2013 · 1 min read
US Housing Market Data Response Housing Starts (Apr.) A dip in housing starts in April had been widely expected. Although the drop was much larger than the consensus forecast, other forward-looking indicators strongly suggest that April’s slump will be... 16th May 2013 · 1 min read
US Housing Market Data Response Mortgage Delinquencies (Q1 13 The rise in mortgage delinquencies in Q1 is a reminder that it’s not all plain sailing for the housing recovery. But the gradual improvement in the labour market suggests that that the delinquency... 9th May 2013 · 1 min read
US Housing Market Data Response Mortgage Applications (Apr.) Mortgage applications for home purchase have risen in seven of the past eight months, including in the most recent data relating to April. Taken alongside the Fed’s latest Senior Loan Officer Survey... 8th May 2013 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Mar. 13) The further rise in house prices in March may prompt further concerns that prices are entering bubble territory. But a closer look suggests that it would take several more years of prices increasing... 7th May 2013 · 1 min read
