Category Archives: Economic Data

Economic Research: Low Interest Rates Are Underpinning Europe’s House Price Recovery

Very low interest rates are strongly supporting a recovery or stabilization of house prices in European markets, even in countries where credit conditions are still tight and household debt is high. In the U.K., in particular, an ultra-accommodative monetary policy has underpinned a sturdy revival following the 2008-2009 correction, with house prices likely to rise […]

More Mixed Data on Housing

Existing homes continue to out-pace new homes.  Sales of existing homes in June were 5.04 million, up 2.6% for the best number in eight months while new home sales dropped 8.1% in June from May to 406 thousand.  Housing starts were weak as well, down 9% to 893 thousand starts at annual rates. Single family […]

Housing Continues To Be A Key Indicator Of Economic Cycles

Housing trends continue to inform economic and credit analyses in the U.S. and around the globe. Economists and analysts continually assess the prospects for imbalances in property markets in Canada, China, Brazil, France, and other emerging markets. At the same time, Spain and Ireland continue to feel the weight of housing busts following pre-crisis booms. […]

US Foreclosures drop 2% in June to Lowest Level Since June 2006

RealtyTrac®  released its Midyear 2014 U.S. Foreclosure Market Report™ on July 17th, which shows a total of 613,874 U.S. properties with foreclosure filings — default notices, scheduled auctions and bank repossessions — in the first half of 2014, a 19 percent decrease from the previous six months and down 23 percent from the first half […]

Live Webcast and Q&A: Rating Methodology And Assumptions For Affordable Multifamily Housing Bonds

Please join Standard & Poor’s Ratings Services on Thursday, July 17, 2014, at 11:00 a.m. Eastern Time for an interactive, live Webcast and Q&A on the recently issued rating methodology and assumptions for affordable multifamily housing bonds. We will discuss the final criteria, the impact on outstanding ratings and answer any questions you may have. […]

National Credit Default Rates Reach Historical Low in June 2014 According to the S&P/Experian Consumer Credit Default Indices

S&P Dow Jones Indices released the latest results for the S&P/Experian Consumer Credit Default Indices. Data is through June 2014. S&P/Experian Consumer Credit Default Indices Press Release – July 2014

Unclear Demographic Shifts Create Uncertainty In U.S. Affordable Housing

A recovering economy and housing industry are affecting the environment for affordable housing financing, but not in a clear and consistent manner. Multifamily housing has improved much more than single-family housing, in general, and particularly in the affordable housing arena, said a number of credit analysts and industry experts at Standard & Poor’s Ratings Services’ […]

Buy-to-Rent or Rent-to-Sell

The entry of corporate buyers and private equity firms into the housing market in 2012 and 2013 was hailed as a way to soak up the over-supply of foreclosed homes and get the housing market back in shape.  One result were higher home prices as seen in the 10.8% year-over-year gain reported in the most […]

U.S. Homebuilders And Building Materials Companies Hold Up Well Amid A Slow Housing Recovery

Next S&P/Case-Shiller Report due Tuesday

Near term economic factors favor further gains in housing: mortgage rates are lower than a year ago, the Fed is expected to keep interest rates steady until mid-2015 and the labor market is improving.  Is housing back to normal? Will prices keep rising?  Can housing bounce back before the Fed begins to tighten sometime next […]

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