UK Housing Market Data Response RICS Residential Market Survey (May.) This morning’s RICS data report that April’s slump in new buyers and sellers deepened in May. This is consistent with our view that house price growth will slow markedly over the course of 2016. 9th June 2016 · 1 min read
UK Housing Market Update A new official UK house price index A combination of better input data, more detailed outputs and methodological tweaks should, in principle, make the new official UK house price index the definitive measure. But greater coverage and... 8th June 2016 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Apr.) After seasonal adjustment, house prices dipped by a marginal 0.1% in April according to the CoreLogic index. But with supply conditions tightening further, we doubt this weak patch in house price... 7th June 2016 · 1 min read
UK Housing Market Data Response Halifax House Prices (May.) Today’s data from the Halifax show that April’s drop in house price growth was partially reversedin May. But looking at the bigger picture, with house prices still growing far faster than wages, we... 7th June 2016 · 1 min read
US Housing Market Chart Pack Home sales finally making some headway After treading water since the start of 2015, new home sales finally made some headway in April with the largest month-on-month rise since 1992. While that rate of growth is unsustainable, it provides... 6th June 2016 · 1 min read
UK Economics Weekly Housing market to cool regardless of Brexit vote While concerns about the overvaluation of UK housing are nothing new, recent signs that the market is cooling has led some to proclaim that we are on the cusp of a house price crash. Although we don’t... 3rd June 2016 · 1 min read
US Housing Market Update Is mortgage debt set for another dangerous boom? The improving economy, combined with mortgage interest rates that will stay low by past standards, should usher in a renewed period of growth in the stock of mortgage debt over the next few years. But... 2nd June 2016 · 1 min read
US Housing Market Data Response Mortgage Applications (May) The slight fall in mortgage applications for home purchase in May looks in part to be down to some buyers bringing forward their applications to take advantage of mortgage interest rates that were... 1st June 2016 · 1 min read
UK Housing Market Data Response Nationwide HPI & Mortgage Lending (May/Apr) April’s drop in mortgage approvals was an expected response to the recent changes in stamp duty for additional homes and it gives us little new information. But the further easing in the Nationwide... 1st June 2016 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Mar.) At the national level, Case-Shiller reported that house prices rose by a modest 0.1% m/m in March. However, this weak patch in price pressures is unlikely to continue. Recent strong sales have led to... 31st May 2016 · 1 min read
UK Housing Market Update How much have shortages held back housebuilding? Materials and labour constraints may have reduced housing starts in England by as much as 5.5% per year since 2013 – equivalent to a cumulative total of around 24,000 homes. But with production... 27th May 2016 · 1 min read
Australia & New Zealand Chart Pack Non-mining investment failing to fill the hole Although GDP growth in Australia in the first quarter probably at least matched the 0.6% q/q rate in the fourth quarter of last year, the continued disappointment is the failure of non-mining... 26th May 2016 · 1 min read
US Housing Market Update The contrasting outlook for new and existing home sales Existing home sales as a share of population have been close to their long-run average since 2013. So while pent-up housing demand suggests they will rise over the next few years, the increase will be... 26th May 2016 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Apr.) and Housebuilding (Q1) BBA mortgage data show a temporary slump in lending in April, following the stamp duty surcharge coming into force. And while housing starts fell in Q1, easing production constraints suggest that this... 26th May 2016 · 1 min read
US Housing Market Data Response New Home Sales (Apr.) The 16.6% m/m gain in new homes sales in April was the biggest monthly rise since the start of 1992. A lack of existing homes for sale is driving the growing number of home buyers to look at the new... 24th May 2016 · 1 min read
Australia & New Zealand Economics Focus US-style collapse unlikely, but house prices will still fall A US-style collapse in house prices in Australia is unlikely when lending conditions during the good times have not been as loose as in America and Australian banks are better placed to cope with the... 23rd May 2016 · 1 min read
