Pantheon Macroeconomics - The level of mortgage applications long ago ceased to be a reliable indicator of the level of new home sales, thanks to the fracturing of the mortgage market triggered by the financial crash. But the rates of change of mortgage demand and new home sales are correlated, as our first chart shows, and the current message clearly is positive.

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19 May. 2015 Rising Mortgage Demand Set to Boost Summer New Home Sales

By Ian Shepherdson

The level of mortgage applications long ago ceased to be a reliable indicator of the level of new home sales, thanks to the fracturing of the mortgage market triggered by the financial crash. But the rates of change of mortgage demand and new home sales are correlated, as our first chart shows, and the current message clearly is positive.

Posted: 19th May 2015 in 'U.S. Documents'

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