Activity Levels
This graph shows the level of mortgage loan approvals (blue line) in £000's; Private sector housing starts (green line); and housing transactions in £000,s (red line).
Interestingly mortgage loan approvals appear to have maintained a steady upward trend since the start of the new millennium.
These figures are in stark contrast to those for housing transactions and the numbers of private sector housing starts, the latter figure reads off the right hand axis.These two variables clearly show the impact of the credit crunch and interestingly move very closely in tandem.
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| Housing Market Activity - Past 20 Years |
Interestingly mortgage loan approvals appear to have maintained a steady upward trend since the start of the new millennium.
These figures are in stark contrast to those for housing transactions and the numbers of private sector housing starts, the latter figure reads off the right hand axis.These two variables clearly show the impact of the credit crunch and interestingly move very closely in tandem.
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