spline Posted September 18, 2009 Share Posted September 18, 2009 (edited) BoE Trends in Lending, Sep/09 Mortgage approvals for house purchase +7% MoM in Aug Major UK banks, lending panel data, SA (red circles) Jul 53k Aug 57k +7% MoM Suggests that mortgage approvals for house purchase are continuing in current trend. Only a partial count, but gives an early indication of the whole of market BoE figures to be published on Wed/30th. Updated chart, today Link to BoE report, released today 18/Sep/09 http://www.bankofengland.co.uk/publication...dsinlending.htm Edited September 18, 2009 by spline Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted September 18, 2009 Share Posted September 18, 2009 Flogging a dead horse whilst the rest of the economy and the currency goes to hell. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted September 18, 2009 Share Posted September 18, 2009 Thanks for posting. Do you think we're close to the month peak for 2009 volumes? Quote Link to comment Share on other sites More sharing options...
spline Posted September 18, 2009 Author Share Posted September 18, 2009 These are the SA figures and they’re showing a slow but robust climb-out from a very severe collapse; there is currently a good correlation between the approval numbers and the builders’ share price so I’d expect to see a drop in (say) BDEV or TW if/when the approvals began to collapse again. Quote Link to comment Share on other sites More sharing options...
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