Category Archives: Other Housing Data

U.S. Home Buyers Return, But Can Builders Deliver?

U.S. homebuilders continue to face headwinds as they recover from a very protracted downturn, but trends appear to be slowly improving. Standard & Poor’s Ratings Services’ base-case outlook for credit quality for the U.S. homebuilding sector in 2012 and 2013 is neutral. Our baseline economic forecast calls for a slow recovery, with real GDP growing […]

Consumers continue to repair their balance sheets

On July 17th, S&P Dow Jones Indices and Experian released June 2012 data for the S&P/Experian Consumer Credit Default Indices, which measure consumer credit default rates. June data showed a decline in the composite index, led by an nine basis point drop in first mortgage default rates. Second mortgage default rates fell by even more […]

House Prices and the Unemployment Rate

On Friday the Bureau of Labor Statistics will release the unemployment rate for December.   Whatever the numbers look like we are sure to hear a debate about housing and unemployment — are they related, which causes which and does one hold the key to solving the other.  A quick look at the way home prices […]

First mortgage default rates lead November increase in the national composite

On December 20, S&P Indices and Experian released November data for the S&P/Experian Consumer Credit Default Indices, which measure changes in consumer credit defaults. The data showed an increase in the composite index, led by an increase in first mortgage and bank card default rates. Auto loan and second mortgages saw drops in their default […]

Second consecutive increase in first mortgage default rates

On November 15, S&P Indices and Experian released October data for the S&P/Experian Consumer Credit Default Indices, which measure changes in consumer credit defaults. The data showed an increase in the composite index, led by an increase in first mortgage default rates. Auto loan, second mortgages and especially bank cards all saw pretty significant drops […]

U.S. Economic Forecast: No Help From Home

After markets delivered last rites, the U.S. economic recovery received a boost last month, which felt like a new lease on life. The economic data at this point still aren’t telling us whether the patient is dead or just dragging. But it did provide more support to our forecast that the recovery will limp along […]

Economic Update: U.S. FHFA House Price Index Rises 0.8% In July

The U.S. Federal Housing Finance Agency (FHFA) house price index rose 0.8% in July to 184.7 (seasonally adjusted) and is up for four consecutive months. The index is still 3.3% lower than last year’s level, though it is an improvement over the 4.5% rate of decline seen the month before. Continued gains in prices, together […]

Further improvement in mortgage default rates in July

On August 16th, S&P Indices and Experian released July data for the S&P/Experian Consumer Credit Default Indices, which measure changes in consumer credit defaults.  The indices showed first and second mortgages default rates decreased in July to 1.93% and 1.25%, respectively, from June rates of 2.02% and 1.40%. The first mortgage index shows default rates […]

Mortgage default rates improved in June, some good news for the housing market.

Earlier today, S&P Indices and Experian released June data for the S&P/Experian Consumer Credit Default Indices, which measure changes in consumer credit defaults (see Dave Guarino’s post below).  The indices showed first and second mortgages default rates decreased in June to 2.02% and 1.40%, respectively, from May rates of 2.09% and 1.42%. By and large, […]

U.S. FHFA Home Price Index up 0.8% in April

The FHFA home price index for April was up an annualized 0.8% m/m, erasing the 0.4% drop in March and the first increase since May 2010. On a year over year basis, the index is still down 5.7%, and is down 19.3% from its April 2007 peak. Six of the nine Census Districts saw month-to-month […]

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