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RICS Global RE Weekly: Japanese Survey to Signal Weak Appetite for Housing Loans

Royal Institution of Chartered Surveyors
2009-07-17 19:35 2260

HONG KONG, July 17 /PRNewswire-Asia/ -- The latest update on the state of bank lending in Japan is released on Wednesday 22nd with the publication of the Senior Loan Officer Survey. This survey breaks down lending between firms, local governments and households but also identifies lending trends in the construction and real estate sectors. RICS expects lending data to continue to point to a reluctance of households to borrow for residential housing investment in next week's release.

Further price falls likely in US housing market

Next week sees the release of another round of housing market data, with the FHFA house price index for May due out on Wednesday 22nd, existing home sales for June on Thursday 23rd, followed by housing vacancies data for Q2 on Friday 24th.

BBA data to show further rise in UK mortgage approvals

The British Bankers Association (BBA) will release its monthly figures for the main high street banks on Thursday 23rd. Most attention will be paid to the mortgage approvals number. In May, BBA mortgage approvals for house purchase rose above 31,000 for the first time since April last year.

French business confidence up; home building still falling

The July release of the official French industrial business confidence index is due from INSEE on Thursday 23rd. The index has recovered since its March low of 68 and, at 75 in June, is around the level seen at the beginning of the year.

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Source: Royal Institution of Chartered Surveyors
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