US Housing Market Data Response Case-Shiller/FHFA House Prices (Dec.) The house price boom continued in December, with month-on-month gains exceeding 1.0% on the FHFA measure for the seventh consecutive month. However, rising mortgage interest rates will weigh on... 23rd February 2021 · 2 mins read
US Housing Market Data Response Existing Home Sales (Jan.) Existing home sales managed to eke out a small gain in January, even as inventory fell to new record lows. But the lack of supply means activity will fall back to earth later in 2021, reinforced by... 19th February 2021 · 2 mins read
US Housing Market Data Response Housing Starts (Jan.) January’s 12.2% decline in single-family housing starts reversed the solid gains seen in December. Record low inventory is supporting homebuilder confidence, and that points to a strong year for... 18th February 2021 · 2 mins read
US Housing Market Data Response Mortgage Applications (Jan.) The threat of higher interest rates drove mortgage demand higher in January, with refinancing activity seeing a particularly large gain. A narrowing spread means we expect the upcoming rise in... 3rd February 2021 · 2 mins read
US Housing Market Data Response New Home Sales (Dec.) The small gain in new home sales in December continues the run of falling or weak sales seen since August of last year. That moderation in sales is set to persist in 2021, as worsening affordability... 28th January 2021 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA House Prices (Nov.) House price growth continued to surge in November, with both Case-Shiller and FHFA reporting strong gains. At 11% y/y, the rise in the FHFA index is the highest since records began in 1992. But the... 26th January 2021 · 2 mins read
US Housing Market Data Response Existing Home Sales (Dec.) Existing home sales recorded a marginal gain in December but are set to fall back over 2021. Mortgage rates will not decline any further and rising house prices have already reversed the boost to... 22nd January 2021 · 2 mins read
US Housing Market Data Response Housing Starts (Dec.) Single-family starts rebounded in December, recording their largest month-on-month gain since June. While production constraints will continue to weigh on starts, we are relatively upbeat about the... 21st January 2021 · 2 mins read
US Housing Market Data Response Mortgage Applications (Dec.) Even as mortgage rates stayed close to record lows, applications for home purchase declined in each of the last three weeks of December. With interest rates not set to fall further and the boost to... 6th January 2021 · 2 mins read
US Housing Market Data Response Case-Shiller House Prices (Oct.) Record low mortgage rates, surging home sales and tight inventory pushed annual house price growth to a 6½-year high in October, but we doubt the boom in prices will last for long. The past gain in... 29th December 2020 · 2 mins read
US Housing Market Data Response FHFA House Prices / New Home Sales (Oct/Nov.) New home sales fell 11.0% m/m in November, driven by a lack of inventory and pent-up demand from earlier in the year coming to an end. But easing demand is yet to feed through to house price growth... 23rd December 2020 · 2 mins read
US Housing Market Data Response Existing Home Sales (Nov.) Existing home sales fell for the first time in five months in November, as record low inventory and the exhaustion of pent-up demand from the spring put a dampener on activity. Record low mortgage... 22nd December 2020 · 2 mins read
US Housing Market Data Response Housing Starts (Nov.) Single-family starts rose for the seventh consecutive month in November, but at a slower pace. And with production constraints starting to weigh on homebuilder confidence, we think that gains will... 17th December 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Nov.) Issues with seasonal adjustment over the Thanksgiving holiday, when many more people stayed home and perhaps applied for a mortgage, led to a spike in home purchase mortgage applications in the final... 2nd December 2020 · 2 mins read
US Housing Market Data Response New Home Sales (Oct.) New home sales levelled off in October, suggesting that pent-up demand from the spring is running out. In addition, strong sales over the summer months have left the supply of homes for sale at an all... 25th November 2020 · 2 mins read
US Housing Market Data Response Case-Shiller / FHFA House Prices (Sep.) House price growth is quickly entering boom territory, with both Case-Shiller and FHFA reporting a surge in annual gains in September. At 9.1% y/y, the rise on the FHFA index is the highest in almost... 24th November 2020 · 2 mins read
