Tag: subdued

CML: Mortgage lending edges higher in July

CML: Mortgage lending edges higher in July

The Council of Mortgage Lenders (CML) has reported the number of loans for house purchase rose in July. According to the Council, there were 48,400 loans advanced for house purchase in the month – up by 1,000 from June’s figure but almost 7,000 lower when compared with July 2010. Commenting on today’s figures, Paul Smee, [...]

September 13, 2011 | 0 Comments More
Nationwide: House prices down 0.6% in August

Nationwide: House prices down 0.6% in August

The latest house price index from the Nationwide Building Society has revealed prices fell by 0.6% in August on a monthly basis – the fastest pace since October 2010. On an annual basis, house prices are now 0.4% lower than this time last year with the average UK home costing £165,914. The latest figures suggest [...]

September 1, 2011 | 1 Comment More
US homebuilder confidence flat in August

US homebuilder confidence flat in August

US homebuilder confidence remained unchanged in August, according to the National Association of Home Builders (NAHB)/Wells Fargo sentiment index. The index showed a reading of 15 in August, unchanged from July’s reading, suggesting the US housing market remains subdued. However, the reading was in line with forecasts. The index, which first commenced more than 25 [...]

August 15, 2011 | 0 Comments More
Nationwide: House prices edge 0.2% higher in July

Nationwide: House prices edge 0.2% higher in July

The latest house price index from the Nationwide Building Society has revealed house prices crept up by 0.2% in July. On an annual basis, house prices are now just 0.4% lower than this time last year with the average UK home costing £168,731. The housing market remains subdued as a lack of buyers, together with [...]

July 29, 2011 | 0 Comments More
HMRC: House sales see slight rise in June

HMRC: House sales see slight rise in June

HM Revenue & Customs (HMRC) has today revealed a marginal rise in the number of homes sold in June in the UK. According to HMRC, 73,000 homes worth at least £40,000 or more were sold in the month – 5,000 higher than May’s level of 68,000. However, it is 12,000 lower than June 2010’s figure. [...]

July 22, 2011 | 0 Comments More
Rics: Housing market remains in the doldrums

Rics: Housing market remains in the doldrums

The Royal Institution of Chartered Surveyors (Rics) has today reported that the UK housing market remained weak in June with house prices falling more than expected. According to the Institution, homeowners remain reluctant to put their properties up for sale, while buyers remain uncertain about the economic climate. These factors, together with the ongoing mortgage [...]

July 12, 2011 | 0 Comments More
Nationwide: House prices unchanged in June

Nationwide: House prices unchanged in June

The latest house price index from the Nationwide Building Society has revealed house prices remained unchanged in June after a 0.3% rise in May – in line with expectations. On an annual basis, house prices are now 1.1% lower than this time last year with the average UK home costing £167,208. The housing market remains [...]

June 30, 2011 | 0 Comments More
BoE: Mortgage approvals remain weak in May

BoE: Mortgage approvals remain weak in May

The Bank of England has today revealed mortgage approvals remained weak in May. According to the Bank, there were 45,940 loans approved in the month – slightly higher than April’s 45,447 but lower than forecasts of a level of 46,100. Furthermore, May’s figure was lower than the average for the previous six months. Today’s figures [...]

June 29, 2011 | 0 Comments More
HMRC: House sales continue to fall in May

HMRC: House sales continue to fall in May

HM Revenue & Customs (HMRC) has today revealed a further fall in the number of homes sold in May in the UK. According to HMRC, 68,000 homes worth at least £40,000 or more were sold in the month – 2,000 lower than the revised total of April and 3,000 lower when compared with May 2010. [...]

June 21, 2011 | 0 Comments More
CML: Mortgage lending rebounds in May

CML: Mortgage lending rebounds in May

The Council of Mortgage Lenders (CML) today reported a rise in mortgage lending for the month of May. According to the Council, mortgage lending rose 12% in May compared with April as demand was boosted by the public bank holidays. Gross mortgage lending in the month totalled £11.3 billion, said the CML. The figure was [...]

June 20, 2011 | 0 Comments More
Nationwide: House prices rise 0.3% in May

Nationwide: House prices rise 0.3% in May

The latest house price index from the Nationwide Building Society has revealed a 0.3% rise for the month of May compared with April. The latest fall means house prices are now 1.2% lower than this time last year with the average UK home costing £167,208. Despite the rise, the housing market remains subdued as a [...]

May 27, 2011 | 0 Comments More
HMRC: House sales fall in April

HMRC: House sales fall in April

HM Revenue & Customs (HMRC) has today revealed a fall in the number of homes sold in April in the UK. According to HMRC, 66,000 homes worth at least £40,000 or more were sold in the month – 1,000 less than the previous month and 6,000 lower than in April 2010. Today’s figures, along with [...]

May 24, 2011 | 0 Comments More
CML: Mortgage lending down 5% on year in April

CML: Mortgage lending down 5% on year in April

The Council of Mortgage Lenders (CML) today reported a fall in mortgage lending for the month of April. According to the Council, mortgage lending fell to £9.8 billion last month, down 14% from £11.4 billion the previous month and 5% lower than the £10.3 billion a year earlier. The CML attributed the fall to the [...]

May 20, 2011 | 0 Comments More
CML: Remortgaging on the increase

CML: Remortgaging on the increase

The Council of Mortgage Lenders (CML) has today reported a rise in remortgaging loans as homeowners anticipated interest rate hikes. According to the CML, there were almost 34,000 remortgage loans advanced in March – 16% higher compared with February and a rise of 17% on an annual basis. Remortgaging has remained subdued during the historically [...]

May 13, 2011 | 0 Comments More
Rics: House viewings pick up due to warm weather

Rics: House viewings pick up due to warm weather

The Royal Institution of Chartered Surveyors (Rics) has today reported a pick up in the number of house viewings in April, as a result of the warm weather. This time of year is traditionally busy for the housing market but securing a mortgage remains difficult for many potential buyers – particularly first-time buyers. Furthermore, the [...]

May 10, 2011 | 0 Comments More
BBA: Mortgage lending remains subdued

BBA: Mortgage lending remains subdued

The British Bankers’ Association (BBA) has today revealed a slight rise in the number of new mortgages approved by the major banks in March. According to the BBA, the number of new mortgages approved in the month stood at 31,660 - marginally better than February’s level of 30,178. However, mortgage approvals were down 10% on [...]

April 27, 2011 | 0 Comments More
BoE: Mortgage approvals up in March

BoE: Mortgage approvals up in March

The Bank of England has today revealed mortgage approvals rose in March. According to the Bank, there were 44,000 loans approved in the month, up from February’s 43,000. However, the figure remains well below the 51,000 approved in the same month a year ago. The figures come a day after the Council of Mortgage Lenders [...]

April 21, 2011 | 0 Comments More
CML: Mortgage lending sees slight rise in February

CML: Mortgage lending sees slight rise in February

The Council of Mortgage Lenders (CML) has today reported mortgage lending increased in February. Mortgage lending rose by 8% in February on a monthly basis but was down 12% on the year. There were 32,300 approvals during the month with first-time buyers making the biggest contribution with 12,400 mortgages worth £1.4 billion. First-time buyers are [...]

April 8, 2011 | 0 Comments More
Halifax reports 0.1% rise in March house prices

Halifax reports 0.1% rise in March house prices

The Halifax has today revealed UK house prices crept up by 0.1% last month compared with February, when prices dropped 0.9%. The latest house price rise takes the average cost of a UK home to £162,912, the Halifax said. Meanwhile, in the three months to March, prices dropped 2.9% compared with the same period a [...]

April 6, 2011 | 0 Comments More
Bellway reports encouraging start to 2011

Bellway reports encouraging start to 2011

Newcastle-based housebuilder Bellway has today reported a 26% rise in first-half profit and experienced strong activity in home buying since the start of 2011. The housebuilder, which is the fifth largest by market value, said pre-tax profits came in at £24 million for the six month period to the end of January - compared with [...]

March 30, 2011 | 0 Comments More