Housing Market Indicators
The housing market has become an increasingly important facto in guaging the overall economic outlook as real estate valuations can have an impact both on consumer confidence and actual spending power.
Housing market statistics take a number of different forms from housing starts to existing home sales. In recent years new home sales have been the fastest growing sectors in the US and UK economies but since the sub-prime collapse have declined sharply.
Obviously the housing market figures are also a leading indicator for the both the building industry and retail bank lending and interest rates. Indeed one of the biggest fallouts of the recent economic crash has been the reluctance of banks to lend to anyone but those with the best credit ratings and large initial deposits.
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