crown Posted July 30, 2007 Share Posted July 30, 2007 I am only interested in the number of loans approved. I am suspecting that the number of loans approved for house purchase will be around 130k NSA lower than previous month and previous year and 114k SA same as previous month and lower than previous years having said that I think we will find the figures for July and August significantly lower in the months ahead Quote Link to comment Share on other sites More sharing options...
crown Posted July 30, 2007 Author Share Posted July 30, 2007 any minute now Quote Link to comment Share on other sites More sharing options...
crown Posted July 30, 2007 Author Share Posted July 30, 2007 114000 SA Quote Link to comment Share on other sites More sharing options...
crown Posted July 30, 2007 Author Share Posted July 30, 2007 (edited) 136000 NSA Edited July 30, 2007 by crown Quote Link to comment Share on other sites More sharing options...
Willy Weasel Posted July 30, 2007 Share Posted July 30, 2007 Pretty good predictions there, Crown Quote Link to comment Share on other sites More sharing options...
crown Posted July 30, 2007 Author Share Posted July 30, 2007 SA 5% down YOY NSA 6% down YOY Quote Link to comment Share on other sites More sharing options...
crown Posted July 30, 2007 Author Share Posted July 30, 2007 Pretty good predictions there, Crown I thank you Quote Link to comment Share on other sites More sharing options...
Guest grumpy-old-man Posted July 30, 2007 Share Posted July 30, 2007 SA 5% down YOYNSA 6% down YOY Hi Crown, I like to see YoY negative figures. Quote Link to comment Share on other sites More sharing options...
Guest d23 Posted July 30, 2007 Share Posted July 30, 2007 Reuters: UK Loans above forecast LONDON, July 30 (Reuters) - British mortgage lending grew at its fastest pace in three months in June and approvals for new home loans held steady in a sign the housing market is holding up in the face of a string of interest rate increases.The Bank of England said on Monday lending secured on dwellings rose by 9.550 billion pounds in June after an 8.752 billion pounds rise in May. Analysts had predicted an 8.5 billion pound increase. Mortgage approvals -- a leading indicator for the housing market -- held steady at 114,000 in June, against expectations for a dip to 109,000. The stronger than expected figures fly in the face of recent surveys suggesting the housing market is coming off the boil. Bank of England policymakers, however, have themselves noted that signs of any housing slowdown are at best tentative. "We expect some weakening in these numbers towards the end of the year, but for now the market seems to be holding up well," said George Buckley, chief UK economist at Deutsche Bank. Interest rate futures ticked lower but overall the data did little to alter expectations the central bank will hold borrowing costs at 5.75 percent this week given financial market volatility and the fact it has already raised rates five times in the last year Many analysts, however, are predicting another quarter-point rise in borrowing costs to 6.0 percent by the end of the year Unsecured lending grew by 874 million pounds in June, roughly in line with forecasts, following an 894 million pound increase in May. Separately, the BoE released revised data on the money supply. M4, or broad money, increased by 0.7 percent in June, a downward revision from the 0.8 percent published earlier this month. That left M4 up 12.9 percent on the year, also revised down. M4 lending grew by just 0.3 percent -- the weakest rate since June 2005 -- leaving it 11.6 percent higher than a year ago. Quote Link to comment Share on other sites More sharing options...
Guest wrongmove Posted July 30, 2007 Share Posted July 30, 2007 Hi Crown,I like to see YoY negative figures. 114k (SA) is still a big number. Historically, HPI has always stayed positive unless SA drops below 80-90k. Q2 has had basically strong approvals numbers. This predicts that Q3 will have strong transaction numbers and Q4 will have positive HPI. Hopefully approvals figs will drop off soon, but negative YoY in 2007 looks pretty unlikely now, IMHO. Hopefully spline will be along to clarify. Quote Link to comment Share on other sites More sharing options...
Fancypants Posted July 30, 2007 Share Posted July 30, 2007 negative YoY in 2007 looks pretty unlikely now Indeed - personally, I have not expected that. However, I remain confident that the tipping point has probably already been reached and we are now about to witness the apparently slow unwinding of the bubble. As you infer, many months are required for activity (or lack thereof) on the ground to be revealed in the HP stats. Quote Link to comment Share on other sites More sharing options...
HomeSeeking Posted July 30, 2007 Share Posted July 30, 2007 UK consumers owe £1,343,940,000,000 as of 30th June 2007. Quote Link to comment Share on other sites More sharing options...
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