skip to main content
Briefing

United States: Residential Real Estate Sector

Critical Issues

U.S. Housing Demand: Pending Home Sales Index Points to Stabilization After the Sharp Collapse

Access to this analysis is restricted to RGE Clients.
If you are an RGE Client please log in to your account.
For information on becoming an RGE Client, pleasevisit our Registration page or speak with an RGE Representative in NY at 212-645-0010, or, in London, at +44 (0) 203 056 4960.
Forgot Your Password?

U.S. Home Prices: Any Signs of an Impending Double Dip?

Access to this analysis is restricted to RGE Clients.
If you are an RGE Client please log in to your account.
For information on becoming an RGE Client, pleasevisit our Registration page or speak with an RGE Representative in NY at 212-645-0010, or, in London, at +44 (0) 203 056 4960.
Forgot Your Password?

U.S. Single Family Housing Starts Continue to Fall; How Deep Will the Trough Be?

Access to this analysis is restricted to RGE Clients.
If you are an RGE Client please log in to your account.
For information on becoming an RGE Client, pleasevisit our Registration page or speak with an RGE Representative in NY at 212-645-0010, or, in London, at +44 (0) 203 056 4960.
Forgot Your Password?

Short Refinance Program: FHA Will Provide Additional Refinancing Options to Homeowners

Access to this analysis is restricted to RGE Clients.
If you are an RGE Client please log in to your account.
For information on becoming an RGE Client, pleasevisit our Registration page or speak with an RGE Representative in NY at 212-645-0010, or, in London, at +44 (0) 203 056 4960.
Forgot Your Password?

U.S. Mortgage Delinquencies and Foreclosures: Any Signs of a Slowdown?

Access to this analysis is restricted to RGE Clients.
If you are an RGE Client please log in to your account.
For information on becoming an RGE Client, pleasevisit our Registration page or speak with an RGE Representative in NY at 212-645-0010, or, in London, at +44 (0) 203 056 4960.
Forgot Your Password?

U.S. Housing Inventories: Correcting Downward But Still a Long Way to Go

Access to this analysis is restricted to RGE Clients.
If you are an RGE Client please log in to your account.
For information on becoming an RGE Client, pleasevisit our Registration page or speak with an RGE Representative in NY at 212-645-0010, or, in London, at +44 (0) 203 056 4960.
Forgot Your Password?

Background:

After more than a decade of rising prices in the U.S. housing sector, home prices began declining in Q2 2006 and continue to fall into 2009, though at a slower pace. While over-building during the housing boom led to a glut of housing inventories, by mid 2009 the supply of new housing has undergone a significant downward correction and housing starts appear to have stabilized. However, inventories remain elevated above their long term average and an increasing number of foreclosures continue to enter the market. On the demand side, government incentives in the form of lower mortgage rates and a US$8,000 first time homebuyer tax credit have lent support to demand, but the weak labor market and sluggish income growth will continue to weigh down the indebted U.S. consumer. Without a narrowing of the demand- supply mismatch, there remains a risk of a prolonged decline in home prices.

RGE CLIENTS

This is a small excerpt of content available only to RGE Clients.

If you are an RGE Client, please log in to your account.

For information on becoming an RGE Client, please visit our Registration Page, email us or
speak with RGE Sales in NY at +1 212-645-0010 or in London at +44 (0) 203 056 4960.

Associated Readings

News Calculated Risk Oct 03, 2009 The Impact of the Declining Homeownership Rate Opinions The Economist Aug 20, 2009 America's housing market: Where it all began; Signs of stabilisation should not obscure the big problems still ahead Analysis J.P. Morgan Robert Mellman Jul 31, 2009 The US Housing Market is Finally in a Recovery Phase Opinions New York Times Robert Shiller Jun 07, 2009 Why Home Prices May Keep Falling Analysis Congressional Budget Office Mark Lasky November 2008 Background Paper: The Outlook for Housing Starts, 2009 to 2012 Research University of Wisconsin-Madison and Federal Reserve Morris A. Davis, Robert F. Martin and Andreas Lehnert Dec 2007 The Rent-Price Ratio for the Aggregate Stock of Owner-Occupied Housing Research Yale University Robert J. Shiller Aug 31, 2007 Understanding Recent Trends in House Prices and Home Ownership