New Home Lending Falls Unexpectedly, Signaling Subdued Housing Market

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Economy Nouvelles

Home Lending,Housing Market,Loan Volumes

New home lending fell an unexpected 3.9% in January, confounding economists' expectations and paving the way for a subdued housing market this year. Loan volumes and values both declined, likely keeping housing values from rising substantially. The slower rate of dwelling price appreciation represents convergence back towards subdued trends in mortgage activity.

New home lending fell an unexpected 3.9% in January, confounding economists' expectations and paving the way for a subdued housing market this year. Loan volumes and values both declined, likely keeping housing values from rising substantially.

The slower rate of dwelling price appreciation represents convergence back towards subdued trends in mortgage activity.

 

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