Wednesday, June 21, 2006

Robust data on UK and US housing markets raises fears of interest rate rises

Treasuries fall on strong housing data

US data suggests a less dramatic softening of the housing market but a slowdown is still expected. “The trend in housing activity is strongly downwards,” said Ian Shepherdson, chief US economist at High Frequency Economics. In the UK The British Bankers Association reported the biggest rise in monthly lending for two years.

Posted by denzil @ 10:16 AM (609 views)
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2 thoughts on “Robust data on UK and US housing markets raises fears of interest rate rises

  • Strange. Why has no one commented on this article? Could it be that the Bears have left the woods; that this Blog’s Cassandras have all given up?

    What is the state of the housing market when “The British Bankers Association reported mortgage lending grew by £5.7bn in May”?

    Pretty strong I’d say.

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