US Housing Market Data Response Housing Starts (Aug.) A boom in multifamily construction has supported housing starts in recent months, with multifamily building permits rising to a 31-year high. On the single-family side, homebuilders have reported... 21st September 2021 · 2 mins read
US Housing Market Data Response Mortgage Applications (Aug.) With the share of households seeing now as a good time to buy at a record low, home purchase mortgage applications fell for the fifth consecutive month in August, leaving them down 25% from January’s... 1st September 2021 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA House Prices (Jun) House price growth surged above 18% y/y in June, setting record highs on both the Case-Shiller and FHFA measures. However, demand has fallen back since the start of the year, and the timelier Common... 31st August 2021 · 2 mins read
US Housing Market Data Response New Home Sales (Jul.) After a run of declines, new home sales eked out a small gain in July. The recent weakness in sales data likely reflects homebuilders restricting sales as they try to catch-up with the surge in demand... 24th August 2021 · 2 mins read
US Housing Market Data Response Existing Home Sales (Jul) Existing home sales surprised on the upside in July, rising for the second consecutive month. But with demand easing and inventory at record lows, we doubt this is the start of a resurgence. Instead... 23rd August 2021 · 2 mins read
US Housing Market Data Response Housing Starts (Jul.) Single-family starts edged back in July, although they but remain elevated compared to pre-COVID levels. Shortages in lots, labour and materials are weighing on builder confidence and housing starts... 18th August 2021 · 2 mins read
US Housing Mortgage Applications (Jul.) The recent decline in mortgage rates buoyed refinancing activity in July, but didn’t prevent another month of declining home purchase activity. While market conditions are tight, there are still... 4th August 2021 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA House Prices (May) House prices showed no signs of slowing in May, with annual growth setting new records on both the Case-Shiller and FHFA measures. But with housing demand falling back since the start of the year, and... 27th July 2021 · 2 mins read
US Housing Market Data Response New Home Sales (Jun.) New homes sales dropped for the third month in a row in June, as homebuilders restricted sales in an effort to catch-up with the backlog of homes sold last year. But builders have reported continued... 26th July 2021 · 2 mins read
US Housing Existing Home Sales (Jun) Existing home sales edged higher in June, but the bigger picture is that housing market activity is cooling. Booming house prices, rising mortgage rates and tight inventory will weigh on demand this... 22nd July 2021 · 2 mins read
US Housing Housing Starts (Jun.) Single-family housing starts rose by 6.3% m/m in June. Despite this, even after the sharp decline in lumber prices in recent weeks there are still signs that supply shortages are holding back... 20th July 2021 · 2 mins read
US Housing Market Data Response Mortgage Applications (Jun.) Home purchase mortgage applications fell back again in June, leaving them down 23% compared to the 11-year high seen in January. Tight inventory and stretched affordability are largely responsible for... 7th July 2021 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA House Prices (Apr.) House price growth gathered pace in April, with the annual growth rate hitting record highs on both the Case-Shiller and FHFA measures. But despite the pick-up in house price expectations, we don’t... 29th June 2021 · 2 mins read
US Housing Market Data Response New Home Sales (May) While new home sales declined in May, data for homes that are yet to start construction were stronger, as elevated construction costs caused homebuilders to delay projects. But with falling lumber... 23rd June 2021 · 2 mins read
US Housing Market Data Response Existing Home Sales (May) Record low inventory is weighing on housing market activity, with existing home sales falling to an 11-month low in May. And with booming house prices and rising mortgage rates set to stretch... 22nd June 2021 · 2 mins read
US Housing Market Data Response Housing Starts (May.) Single-family starts edged higher in May but have been broadly flat since the start of the year. While worsening affordability is now weighing on the demand for homes, record low inventory and falling... 16th June 2021 · 2 mins read
