More gloom for the housing market as building approvals slump further

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More. united kingdom. money. december 23, 2008 / 10:08 AM / 11 years ago. Mortgage approvals slump 61 percent. David Milliken.. said the data spelt further gloom for the housing market.

Housing construction in Sydney and Melbourne is headed for a major slump, hit by apartment oversupply and credit tightening, according to industry analysts macromonitor. The downturn is already.

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October’s figures also show a slump in the value of loans advanced during the month, following low approval levels. are likely to fall a lot further form a powerful set of negative factors weighing.

"The boost was a vital tool for first home buyers to get a foot in the door of the housing market," Mr Bidwell said. "Without it, home ownership has been put even further out of reach."

A slew of slowing housing indicators – including falling auction clearance rates, declining prices and a slump in building approvals – show. housing finance figures showed a further weakening in.

Miami foreclosure rate fell in February Lender repossessions, or REO properties, fell 4% from January and 1% from a year ago. Ten of the 20 most populated cities showed year-over-year increases in foreclosure activity in February, including.

Check out market updates and our company news. Victorian home approvals slump as budget gloom takes a toll.. with multi-units taking a bigger fall than detached housing. Mr Garrett said building approvals for multi-units were down by 21.5 per cent in the year to September, while approvals for.

Two contrasting pictures of Toronto’s housing market have emerged in the past week. One shows the market is recovering from last year’s slump when prices and sales. affordability worse – and.

Office market gloom. By Dave King, the government’s housebuilding figures confirmed a slump in the market last year. Figures from the DETR show 178 300 homes were started in 1998, down 6% from 188 800 in 1997.. said the housing market had been hit by the uncertainty about the economy at.

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SYDNEY–The number of Australian homebuilding permits fell sharply for the second month in a row in December, fanning fears that a housing-sector slump will drag on economic growth. Approvals to.

– AUD softens as market eyes steep decline in building approvals. – AUD analysts have one eye on housing, the other on RBA outlook. – Bad approvals number could hurt AUD ahead of Tues rate.

Photograph: Steve Parsons/PA Mortgage approvals fell to an 18-month low in July as aftershocks from the EU referendum result rippled out into the housing market. Figures from the Bank of England.