US Housing Market Data Response Mortgage Delinquencies (Q2 12) The sharp slowdown in jobs growth seems to have fed through rapidly to the mortgage delinquency rate, which rose for the first time in a year in the second quarter. There was better news on the... 9th August 2012 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jun.) CoreLogic’s measure of house prices posted another strong gain in June. But unlike in recent months, the latest rise was marginally weaker than we would expect in a typical June, meaning that... 7th August 2012 · 1 min read
US Housing Market Data Response Mortgage Applications (Jul.) The latest mortgage applications data provide further evidence that record low mortgage rates are doing little to boost demand among mortgage-dependent buyers. Meanwhile, the FHFA has reaffirmed its... 1st August 2012 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (May) The fourth successive rise in the Case-Shiller measure of seasonally-adjusted house prices means that prices are experiencing more than just their usual seasonal lift. Moreover, tight supply... 31st July 2012 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q2 12) The very modest increase in the homeownership rate in Q2 does not persuade us to alter our view that the share of the population who own their home will fall further over the next couple of years... 27th July 2012 · 1 min read
US Housing Market Data Response New Home Sales (Jun.) The 8.4% m/m fall in new home sales in June was further evidence that the recovery in housing demand has lost a little momentum. But with supply conditions in the market for new homes still tight... 25th July 2012 · 1 min read
US Housing Market Data Response Existing Home Sales (Jun.) The steep drop in existing home sales in June is clearly disappointing, but we always expected the housing recovery to be choppy and today’s release is consistent with that. In any case, given that... 19th July 2012 · 1 min read
US Housing Market Data Response Housing Starts (Jun.) The improvement in housing starts in June was further evidence that the housing recovery is holding up even as the wider economic recovery has lost a considerable amount of momentum. 18th July 2012 · 1 min read
US Housing Market Data Response Mortgage Applications (Jun. 12) While another fall in mortgage rates saw remortgaging applications surge higher in June as a whole, applications for home purchase remained stuck in the doldrums. Nevertheless, this isn’t preventing a... 5th July 2012 · 1 min read
US Housing Market Data Response CoreLogic House Prices (May) May’s 0.4% m/m rise in our seasonally-adjusted measure of CoreLogic house prices marks the fifth successive month in which prices have increased. While the recent strong pace of monthly house price... 2nd July 2012 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Apr.) The recent strong upwards momentum in house prices may not be sustained for much longer. Nevertheless, 2012 should mark not only the end of the US house price downturn, but the first year since 2006... 26th June 2012 · 1 min read
US Housing Market Data Response New Home Sales (May) Despite the unusually high price of new homes relative to their pre-owned equivalents, new home sales rose strongly in May. The implication appears to be that Americans are becoming more willing to... 25th June 2012 · 1 min read
US Housing Market Data Response Existing Home Sales (May) The slight fall in existing home sales in May suggests that, with economic activity indicators weakening, the recovery in housing market demand has lost a little bit of momentum. Nevertheless, if we... 21st June 2012 · 1 min read
US Housing Market Data Response Housing Starts (May) The 4.8% m/m fall in housing starts in May could be an early sign that the recent slowdown in the wider economy has taken some of the wind out of the sails of the improvement in housing market... 19th June 2012 · 1 min read
US Housing Market Data Response Mortgage Applications (May) The small fall in mortgage applications for home purchase suggests that, despite record low mortgage rates, the renewed weakness in the labour market is starting to weigh on housing demand. 6th June 2012 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Q1) In seasonally-adjusted terms, the Case-Shiller national house price index reported its strongest quarterly gain for two-and-a-half years. And with the economic recovery now on firmer ground, we see no... 29th May 2012 · 1 min read
