Monitor UK Halifax HPI m/m to gauge housing market health and investor activity based on HBOS data.
This serves as a key indicator of the housing market's vitality, as increasing home prices draw in investors and stimulate sector activity. There are two preceding reports on housing inflation, but this data is comprehensive and relies on HBOS's internal mortgage approval metrics, which may lead sale-completion signals by over a month.
What it Measures
Change in home prices financed through HBOS.
Usual Effect
When the 'Actual' figure exceeds the 'Forecast', it generally benefits the currency.
Source & Frequency
Halifax Bank of Scotland (latest release) - https://www.halifax.co.uk/ • Published monthly, approximately five days after the end of the month.
How Data is Derived
N/A
Also Known As
HBOS HPI
Acronym
House Price Index (HPI), Halifax Bank of Scotland (HBOS)