US Housing Market Rapid Response Mortgage Applications (Jun.) A slight decline in mortgage rates allowed mortgage applications for home purchase to recover from the previous month’s lows in June. That said, applications remain below the average seen so far this... 6th July 2023 · 1 min read
US Housing Market Rapid Response New Home Sales (May) New home sales increased for the third consecutive month in May, rising by a punchy 12.2% m/m to reach 763,000 annualised, the highest level since February 2022. This leaves them firmly above pre... 27th June 2023 · 2 mins read
US Housing Market Rapid Response Case-Shiller/FHFA House Prices (Apr.) House prices rose in April by the fastest pace in close to a year, reflecting constraints to supply as high mortgage rates have discouraged existing homeowners from moving. Although prices have shown... 27th June 2023 · 2 mins read
US Housing Market Rapid Response Existing Home Sales (May.) As expected, existing home sales remained relatively unchanged in May, rising by +0.2% m/m to 4,300,000 annualised. Despite this marginal rise, a decline in mortgage applications for home purchase in... 22nd June 2023 · 1 min read
US Housing Market Rapid Response Housing Starts (May.) Single-family starts saw the largest monthly increase in nearly three years in May, suggesting homebuilders have been responding to the recent rises in new home sales. We still expect a mild recession... 20th June 2023 · 2 mins read
US Housing Market Rapid Response Mortgage Applications (May) Mortgage applications for home purchase fell to their lowest level in almost 30 years in May, as a renewed rise in mortgage rates weighed on demand. This points to further near-term weakness for home... 7th June 2023 · 1 min read
