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More gloom for the housing market as building approvals slump further

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The housing market will be back to a fully functioning state once mortgage approvals exceed 75,000 to 80,000 per month. It is difficult to see this happening before 2011/12. By then, households will have had time to pay down debt and fears of unemployment will have receded.

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 · Some are raising red flags that the nation’s housing market is in trouble, but just because it is slowing down does not mean the recovery is over.. and delays in building approvals.

AFTER the longest and biggest boom in post-war history, it is payback time for Britain’s ever more troubled housing market. As shares in homebuilders wilt following the failure of Taylor Wimpey.

More gloom for the housing market as building approvals slump further The New DailyBuilding approvals dropped by a seasonally adjusted 4.7 per cent in April as Australia’s housing woes continued. Approvals for private sector houses dropped.

Building approvals of new apartments dropped to their lowest in more than five years in November, as investors retreated and developers scaled back new plans in the face of tighter credit curbs and.

 · 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.

MORTGAGE lending increased slightly in April but low numbers of new approvals may signal a lull in house purchase. with a 10 per cent deposit and 995 fee. leeds building society extended its.

Building approvals of new apartments dropped to their lowest in more than five years in November, as investors retreated and developers scaled back new plans in the face of tighter credit curbs.

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.

More housing gloom as mortgage approvals slump by 50% as the banks warn that loans could get even more expensive. By BECKY BARROW. Last updated at 17:28 23 April 2008

 · Sam, the crisis is a leverage crisis, more than a housing crisis. Countrywide and the lenders levered themselves so highly that they risked huge losses in a housing market (or credit markets) that slipped a little. Now that the markets have in fact receded, they are calling for the Fed to.