US Housing Market Data Response Mortgage Applications (Sep.) September's mortgage applications figures suggest that the decrease in conforming mortgage loan limits at the start of this week won't significantly reduce mortgage demand. Nevertheless, the weak... 6th October 2011 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Jul.) The 0.1% m/m rise in Case-Shiller 20-City house prices in July is unlikely to mark the start of a sustained and significant recovery in prices. We still expect prices to fall back a bit later this... 28th September 2011 · 1 min read
US Housing Market Data Response New Home Sales (Aug.) In a month when both equity prices and confidence plunged and fears of another recession soared, the 2.3% m/m decline in new home sales in August could have been much worse. Nonetheless, in the... 27th September 2011 · 1 min read
US Housing Market Data Response Existing Home Sales (Aug.) Given the recent sharp falls in equity prices and consumer confidence, there is a real risk that the 7.7% m/m rise in existing home sales in August will not be sustained. Without a significant surge... 22nd September 2011 · 1 min read
US Housing Market Data Response Housing Starts (Aug.) The further fall in housing starts in August adds to other evidence, such as the recent drop in consumer confidence and fall in mortgage approvals, suggesting that demand for new homes remains close... 21st September 2011 · 1 min read
US Housing Market Data Response Mortgage Applications (Aug.) The latest mortgage applications figures illustrate how ultra-loose monetary policy is failing to boost economic activity. Despite the fall in 30-year mortgage rates to within a whisker of a record... 8th September 2011 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jul.) We are wary of reading too much into CoreLogic's fairly optimistic house price report for July, which showed that seasonally adjusted prices fell by just 0.1% m/m, when prices have yet to respond to... 1st September 2011 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Q2) With the economy weakening again, confidence falling and the labour market recovery faltering the rise in Case-Shiller house prices in the second quarter probably does not mark the end of the housing... 31st August 2011 · 1 min read
US Housing Market Data Response New Home Sales (Jul.) The 0.7% m/m decline in new home sales in July built on the downward trend of the previous six months and highlights just how fragile the housing market remains five years after boom first turned to... 24th August 2011 · 1 min read
US Housing Market Data Response Mortgage Delinquencies (Q2) The most worrying thing about the modest rise in the mortgage delinquency rate in the second quarter is that it was due to more homeowners falling behind on their mortgage payments for the first time... 23rd August 2011 · 1 min read
US Housing Market Data Response Existing Home Sales (Jul.) The 3.5% m/m fall in existing home sales in July shows that the housing market will not pull the US economy out of its current malaise. In fact, it appears that the recent economic slowdown has... 19th August 2011 · 1 min read
US Housing Market Data Response Housing Starts (Jul.) The modest fall back in the number of housing starts in July highlights that the housing market will not be able to pull the US economy out of its current funk. In fact, the danger is that the recent... 17th August 2011 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jun.) & Mort. Apps (Jul.) CoreLogic's measure of house prices shows that, after stripping out the normal seasonal uplift, prices fell back in June. With the number of mortgage applications having declined in July and the... 4th August 2011 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q2) The poor economic climate, the double dip in house prices, the high number of foreclosures and tight credit conditions are all reasons why the homeownership rate will continue to fall. The flipside... 30th July 2011 · 1 min read
US Housing Market Data Response Case-Shiller Prices & New Home Sales (May/Jun.) May's Case-Shiller house price index suggests that the five-year-long decline in house prices may be more or less over. But with June's new home sales data confirming that housing demand remains... 27th July 2011 · 1 min read
US Housing Market Data Response Existing Home Sales (Jun.) The further fall in the number of existing home sales in June, to 4.77m from 4.81m in May, suggests that the recent deterioration in economic conditions has already hit the housing market. 21st July 2011 · 1 min read
