More gloom for the housing market as building approvals slump further

(10 January 2019, AFR, p5, by Michael Bleby) ‘Building approvals of new apartments dropped to their lowest in more than five years in November, as investors retreated and developers scaled back new plans in the face of tighter credit curbs and uncertainty about the east coast housing market.’

House prices blog mortgage lending rise fails to lift housing market gloom Latest Bank of England figures show lending rose – but not enough to convince analysts that downward trend is reversing.

The slump in the housing market has been blamed on freezing weather. But in his report on February’s mortgage lending, Bob Pannell, chief economist for the Council of Mortgage Lenders (CML),

SYDNEY–The number of Australian homebuilding permits fell sharply for the second month in a row in December, fanning fears that a housing-sector slump will drag on economic growth. Approvals to.

Building slump supports argument for further rate cuts Staff Reporter Friday, 9 Jan 2009 1 minute read building approvals recorded a massive 12.8 per cent decline in November in what was a blow to the ailing housing market and the biggest year on year slump in nearly eight years.

More gloom for the housing market as building approvals slump further – Derek Rose Housing market 2019: US home prices rise at slowest pace in 6 years

HOME loan approvals in the UK rose unexpectedly in March, according to the Bank of England, in a sign that the housing market may. which measures growth in the building sector, as further proof of.

Total building approvals, which have been declining since December 2017, were down again by 0.6 percent and decreased by a total of 21.8 percent in the previous year (seasonally and trend adjusted.

Two contrasting pictures of Toronto’s housing market have emerged in the past week. One shows the market is recovering from last year’s slump when prices and sales. affordability worse – and.

Housing supply has also exceeded our needs by at least 30%. Those record high housing starts have been turning into record high completions, hence the massive oversupply emerging. It takes 2-3 years typically to finish many of these projects.

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