US Housing Market Data Response Existing Home Sales (Oct.) Existing home sales surprised on the upside in October, rising to a 15-year high. However, even with mortgage rates set to stay low, we expect sales will see some retrenchment over the next few months... 19th November 2020 · 2 mins read
US Housing Market Data Response Housing Starts (Oct.) Single-family starts had another strong month in October, and are now up 75% compared to their trough in April. Record low inventory is supporting homebuilder confidence, and that points to further... 18th November 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Oct.) Mortgage applications recovered some ground in October, as an upturn in refinancing offset a fall in home purchase demand. But the underlying trend is broadly flat since June and we don’t expect any... 4th November 2020 · 2 mins read
US Housing Market Data Response Case-Shiller / FHFA House Prices (Aug.) House prices had another strong month in August, with annual growth on the FHFA measure surging to 8.1%, a 14-year high. Record low mortgage rates have given a boost to housing demand, and record low... 27th October 2020 · 2 mins read
US Housing Market Data Response New Home Sales (Sep.) New home sales dropped back in September, the first contraction since the height of the pandemic in April. Pent-up demand from the spring is now dissipating and tight inventory, particularly of... 26th October 2020 · 2 mins read
US Housing Market Data Response Existing Home Sales (Sep.) Existing home sales had another strong month in September, and month-on-month growth has now averaged 14% since June. But with housing demand easing back, and inventory getting ever tighter, that pace... 22nd October 2020 · 2 mins read
US Housing Market Data Response Housing Starts (Sep.) Single-family starts and building permits had another strong month in September, as builders increased production on the back of buoyant demand and dwindling inventory. A moderation in lumber prices... 20th October 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Sep.) Mortgage applications were once again stable in September, with a small fall in refinancing applications offset by a small rise in home purchase demand. Mortgage rates hit another record low by the... 7th October 2020 · 2 mins read
US Housing Market Data Response Case-Shiller House Prices (Jul.) House price growth saw a further acceleration in July, as solid housing demand and low inventory put upward pressure on home values. With mortgage rates set to stay close to record lows, and no... 29th September 2020 · 2 mins read
US Housing Market Data Response New Home Sales (Aug.) Another strong rise in new home sales in August, to a 14-year high, pushed the months’ supply of homes to its lowest since records began in 1963. With housing starts constrained by surging lumber... 24th September 2020 · 2 mins read
US Housing Market Data Response FHFA House Prices (Jul.) House price growth saw another strong gain in July, as surging demand and record low inventory put upward pressure on values. But with demand set to ease over the coming months, and mortgage lending... 23rd September 2020 · 2 mins read
US Housing Market Data Response Existing Home Sales (Aug.) Existing home sales rose again in August, although at a more modest pace compared to June and July. With pent-up demand from the spring having now worked itself through, unemployment elevated and... 22nd September 2020 · 2 mins read
US Housing Market Data Response Housing Starts (Aug.) At 1.021m annualised, single-family starts have now fully reversed their COVID-related drop. And, with building permits hitting a 13-year high in August and homebuilder confidence at a record high... 17th September 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Aug.) Following a surge in May, mortgage applications for home purchase have since stabilised at a level around 25% higher than last year. Pent-up demand, record low mortgage rates and some evidence of... 2nd September 2020 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA & New Home Sales (Jun./Jul.) New home sales surged to a 13½-year high in July, as record low mortgage rates, pent-up demand from the spring and a shortage of existing homes for sale all boosted activity. Tight markets and rising... 25th August 2020 · 2 mins read
US Housing Market Data Response Existing Home Sales (Jul) Existing home sales had another strong month in July, surging to a 13½-year high. Pent-up demand from the spring, record low mortgage rates and some impact from households moving to the suburbs has... 21st August 2020 · 2 mins read
