US Housing Market Data Response CoreLogic Prices & Mortgage Apps. (Jan./Feb.) We’ve been expecting house prices to stop falling soon and January’s CoreLogic index provided the first tentative sign that this is happening. But the continued weakness of mortgage applications... 7th March 2012 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Q4) Although the rate at which house prices are falling accelerated at the end of last year, it may only be a few more months before the decline seen over the last five years comes to an end. We expect... 28th February 2012 · 1 min read
US Housing Market Data Response New Home Sales (Jan.) The new homes market is finally benefitting from the recent improvement in housing demand. But with new homes only available at an extremely high premium relative to existing homes, the recovery in... 24th February 2012 · 1 min read
US Housing Market Data Response Existing Home Sales (Jan.) The 4.3% m/m rise in existing home sales in January is not quite as encouraging as it first appears given that it comes at the expense of a 5.0% downward revision to the previous month’s figures. The... 22nd February 2012 · 1 min read
US Housing Market Data Response Mortgage Delinquencies (Q4) The decline in mortgage delinquencies in the fourth quarter is another positive development for the housing market, but the foreclosure pipeline remains full to bursting. If the robo-signing... 16th February 2012 · 1 min read
US Housing Market Data Response Housing Starts (Jan.) January’s housing starts data support our view that homebuilders are shaking off the shackles of the last five years and are beginning to contribute to GDP growth. That said, the housing sector is... 16th February 2012 · 1 min read
US Housing Market Data Response Mortgage Applications (Jan.) The latest weakness of mortgage applications for home purchase may suggest that the recent improvement in home sales is not built on solid foundations. While strict credit scoring and widespread... 8th February 2012 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Dec.) Signs of a modest housing market recovery are noticeable everywhere but in the house price data. Today’s CoreLogic release shows that prices were still falling at a reasonable clip in the final month... 2nd February 2012 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q4) The share of Americans who are willing and able to own their own home is still falling. The flipside is more households in the rented sector and fewer properties lacking tenants. This is helping to... 31st January 2012 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Nov.) There are still no signs that house prices are on the verge of turning around, with the Case-Shiller measure falling for the seventh month in a row in November. But things should be different in six... 31st January 2012 · 1 min read
US Housing Market Data Response New Home Sales (Dec.) The fledgling recovery in housing market activity has yet to encompass the new homes market, where sales fell in December. The bottom line is that new home sales are unlikely to rise significantly... 26th January 2012 · 1 min read
US Housing Market Data Response Existing Home Sales (Dec.) There’s no denying that home sales are still very low and will remain low for a few years. But after having risen in each of the last three months, including a 5.0% m/m gain in December, it is clear... 20th January 2012 · 1 min read
US Housing Market Data Response Housing Starts (Dec.) The fall in housing starts in December was driven by a steep decline in the often volatile multi-family sector, while starts of single-family homes actually rose slightly. In any case, December’s fall... 19th January 2012 · 1 min read
US Housing Market Data Response Mortgage Applications (Dec.) Weekly data show that the bulk of the gain in mortgage applications for home purchase in the two months to early-December has now been eroded. Nevertheless, looser credit conditions should see... 11th January 2012 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Nov.) The acceleration in the rate at which house prices were falling at the tail end of last year will provide more support to those Fed officials who recently have championed more action to revive the... 9th January 2012 · 1 min read
US Housing Market Data Response Existing Home Sales (Nov.) The 14% downward revision to the number of existing home sales since 2007 confirms that the housing crash has been deeper than originally thought. But this is old news. Much more important is that the... 21st December 2011 · 1 min read
