UK Housing Market Data Response Halifax House Prices (Jul.) After a strong June reading, the Halifax reported a 0.6% m/m fall in house prices during July. This brought underlying price growth down, although it remains at a respectable 2.4%. House price... 6th August 2015 · 1 min read
US Housing Market Data Response Mortgage Applications (Jul.) The upward trend in mortgage interest rates seems to be holding back mortgage applications. However, provided the labour market continues to strengthen as we expect, looser credit conditions and... 5th August 2015 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jul.) According to Nationwide, house prices grew by 0.4% m/m in July. Annual price growth picked up to 3.5%, a signal that the slowdown in price growth seen over the past year is coming to an end. Prices... 4th August 2015 · 1 min read
Canada Economics Weekly Housing shortage nothing more than a myth A housing shortage has been determined by the housing industry as the key explanation for record high house prices. While this interpretation appears to have caught on in certain circles, the broader... 3rd August 2015 · 1 min read
Latin America Data Response Chile Retail Sales, Ind. Prod. & Copper Prod. (Jun.) Activity data from Chile were stronger than expected in June but, as a result of softer figures for April and May, we still think that GDP growth in Q2 will be weaker than in Q1. 30th July 2015 · 1 min read
US Housing Market Update Looser credit conditions will support mortgage recovery Most evidence suggests that credit conditions are loosening, albeit very gradually. As it becomes clearer that the housing and wider economic recoveries are strong enough to cope with a gradual rise... 29th July 2015 · 1 min read
UK Housing Market Data Response Mortgage Lending (Jun.) Mortgage approvals for house purchase rose in June, after suffering an unexpected fall during May. And while approvals still remain lower than in April, a strong economy and favourable mortgage market... 29th July 2015 · 1 min read
Canada Economics Update Key housing markets won't defy gravity for much longer The Vancouver and Toronto housing markets appear to be enjoying a revival of late, in contrast to most other markets in Canada. But with labour market conditions set to deteriorate this year and... 28th July 2015 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates / Case-Shiller (Q2/May) Today’s housing market data suggest that the recent slowdown in house price growth may now be going into reverse. They also support our view that rental value growth could soon reach a 30-year high. 28th July 2015 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Jun.) According to the Land Registry, house prices rose 1.1% m/m in June, their largest monthly gain in nearly two years. With interest rates at record lows, a shortage of homes for sale on the market and... 28th July 2015 · 1 min read
US Housing Market Data Response New Home Sales (Jun.) New home sales unexpectedly declined in June, and have struggled to make much progress since the start of the year. However, the recent growth in existing sales shows that housing demand is... 24th July 2015 · 1 min read
UK Economics Weekly Stronger GDP figures won’t rush the MPC The preliminary estimate of Q2 GDP on Tuesday looks set to show that the economic recovery has re-gained some momentum. However, the recent strength of the survey data has not been borne out fully in... 24th July 2015 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Jun.) Mortgage approvals for both house purchase and remortgaging grew in June,driven by low mortgage rates and a greater willingness to lend by banks. With active housing demand recovering and lending... 24th July 2015 · 1 min read
UK Housing Market Outlook Lack of homes for sale will drive house prices higher in 2015 Housing demand is finally responding to a strong economic backdrop and record low mortgage interest rates. But with the numbers of homes for sale at historic lows, that increased demand is feeding... 22nd July 2015 · 1 min read
US Housing Market Data Response Existing Home Sales (Jun.) The rise in existing home sales to their highest level since before the financial crisis provides further evidence that the housing recovery has shifted into a higher gear. The resilience of the wider... 22nd July 2015 · 1 min read
UK Housing Market Update Desire to hold on to empty homes pushes up the vacancy rate The rise in the owner-occupier (OO) vacancy rate following the financial crisis indicates significant numbers of people have been holding onto empty homes rather than trying to sell them. But that... 21st July 2015 · 1 min read
