Housing Market: Economic Indicators page - Commons Library Standard Note

Published 31 July 2013 | Standard notes SN02820

Authors: David Hough

Topic: Economic situation, Housing

Bank of England data on the number of mortgages approved to finance house purchases are a leading indicator of house sales.

There were 57,667 mortgage approvals in June 2013; this was 1% lower than in May and 22% higher than June 2012. The number of approvals has now increased measurably on early 2010.

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