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Prices in the three months to June, which are widely considered a better indicator of house price growth than the lender's monthly figures, were 2.3% higher than in the three months to March and 8.8% up on the same three months in 2013.
The lesson for a housing speculator is to buy in a country with a growing workforce.Richard Cragg London* SIR – Your indicator of house prices based on the ratio of rents to selling prices makes perfect sense, but I would add one significant caveat.
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But it has two flaws as an indicator of house-price changes.
Waiting lists had never been a good indicator of housing need, Thornhill adds.
Permits for new buildings, a leading indicator of housing construction, dropped 34percentt last year.
Lumber prices, a good indicator of housing market activity, have been dropping, Larson said.
A lagging indicator of housing prices, they have been roughly flat this year but are expected to fall next year, according to Ms Greuel's estimates.
The house price-to-income ratio, an indicator of housing affordability, and the "deposit gap", a similar measure, both remain incredibly high in comparison with the past few decades: Another assumption implicit in these sorts of criticisms of Generation Y is that the generation is generally worse at saving money, instead choosing to spend money on iPhones, holidays and lattes.
The number of mortgage approvals for house purchases - an indicator of completed house sales - rose by 10% between the first and second quarters of 2013.
There are two related indicators of housing production in the city.
The Bank of England is now using data from Google searches to gauge economic sentiment (terms such as "estate agent" are good indicators of housing transactions, for example).
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