Twindig Housing Market Index (HMI)
The Twindig Housing Market Index fell by 2.1% last week to 68.9. Investor confidence in housebuilders and mortgage lenders was knocked by talk of second waves and stricter lockdowns. Interestingly confidence in estate agents ticked up, perhaps a rush to get transactions completed just in case the UK Government decides to close the UK housing market again.
Not surprisingly Furlough II (the sequel) was not as well-received as Furlough I (the original) which to be fair was a tough act to follow and the rising fear of unemployment may take the temperature of the housing market down a few degrees in the weeks to come.