Posts Tagged ‘expectations’
DCLG: House prices rise 0.3% in February
Official data from the Department for Communities and Local Government (DCLG) today revealed UK house prices rose by 0.3% in February compared with January, with the average UK home costing £204,164. On an annual basis, house prices rose 0.7% – beating expectations for a 0.1% rise. The data from the DCLG is based on mortgage [...]
UK construction activity eases in March
The Chartered Institute of Purchasing and Supply (CIPS)/Markit construction purchasing managers’ index (PMI) has today revealed UK construction activity eased slightly in March. The PMI edged lower to 56.4 in March, from February’s 8-month high of 56.5 – albeit better than forecasts of 54.8. However, the index remains above the crucial 50 mark, which indicates [...]
US Pending Home Sales Index up in February
The National Association of Realtors (NAR) has announced its Pending Home Sales Index rose in February after two months of declines. The surprise rise comes after a series of gloomy reports for the US housing market. On a monthly basis, the index rose 2.1% to 90.8, confounding analysts expectations of a fall of 1%. On [...]
BBA: Mortgage approvals up 3% in February
The British Bankers’ Association (BBA) has today revealed a slight rise in the number of new mortgages approved by the major banks in February. According to the BBA, the number of new mortgages approved in the month stood at 29,923 – marginally better than January’s level of 29,159, albeit lower than economists forecast of 29,350. [...]