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28 matches for "halifax":
Halifax's house price index rose by an eye catching 1.5% month-to-month in March, superficially suggesting that the housing market is reviving.
Samuel Tombs on Halifax House Price Index in May
Chief U.K. Economist Samuel Tombs on U.K. Halifax House Prices
In one line: Irreconcilable with all other evidence.
In one line: Still misleadingly upbeat.
In one line: Starting to converge with other weaker measures.
In one line: Slower growth reported following methodological improvements.
In one line: Still implausibly strong.
Mortgage lender Halifax reported yesterday that the rate of increase in house prices has picked up since the summer.
Even the most bullish estate agent in Britain would struggle to put a positive spin on the latest housing market news. The latest levels of the official, Nationwide, and Halifax measures of house prices all are below their peaks.
Chief U.K Economist Samuel Tombs on UK Halifax House Prices in July
Chief U.K. Economist Samuel Tombs on U.K. House prices
Markets expect the MPC to shelve November's guidance--that interest rates need to rise only twice in the next three years--at today's meeting.
Britain's housing market appears to be going from bad to worse.
Last week's GDP figures illustrated that the economy is extremely vulnerable to a slowdown in households' spending. Our chart of the week, on page three, shows that consumers were alone in making a significant positive contribution to GDP growth last year.
The MPC likely will raise interest rates today, but as we explained here, it probably will revise down its medium-term inflation forecast, signalling that it is content with the further 35bp tightening currently priced-in by markets for 2018.
As we write, 25 Conservative MPs have confirmed publicly that they have submitted no-confidence letters to the Chairman of the 1922 Committee. That's 23 short of the 48 required to trigger a leadership contest, though some MPs might have submitted letters without making it public.
Surveys released over the last week have suggested that the housing market might be past the worst.
The ONS published provisional new weights for the main components of the CPI on Tuesday. The changes boost our forecast for the average rate of CPI inflation this year by a trivial 0.03 percentage points.
Chief U.K. Economist Samuel Tombs on the U.K. Halifax House Price Index in December
After wobbling immediately after the referendum, house prices appear to be back on a rising trajectory. The Halifax measure of house prices, which is based on the lenders' mortgage offers, rose by 1.4% month-to-month in October, following a 0.3% increase in September.
The slowdown in households' real incomes has taken a swift toll on the housing market this year. Measures of house prices from Nationwide, Halifax, LSL and Rightmove essentially have flatlined since the end of 2016, following four years of rapid growth, as our first chart shows.
House prices continue to struggle for momentum, instilling caution among households. Admittedly, Halifax reported yesterday that its index jumped by 1.5% month-to-month in May.
Samuel Tombs on U.K. Halifax House Price data
Chief U.K. Economist Samuel Tombs discussing U.K. House Prices
Chief U.K. Economist Samuel Tombs on U.K. House Prices
Chief U.K. Economist Samuel Tombs on U.K. house prices
Chief U.K. Economist Samuel Tombs on U.K. Nationwide House Prices
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