This release contains time series data for secured and unsecured housing finance commitments for owner occupation, commitments for construction or purchase of dwellings for rent or resale, and loan outstandings to individuals/households for housing. For secured housing finance for owner occupation, this publication presents the number and value of commitments made by banks, permanent building societies, wholesale lenders n.e.c. and other lenders, provided to individuals/households. These commitments are classified by construction of dwellings, the purchase of new and established dwellings, the refinancing of existing dwellings and alterations and additions to dwellings.
Value of dwelling commitments January 2014 compared with December 2014
The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.2%. Investment housing commitments rose 1.6% and owner occupied housing commitments rose 0.9%.
In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions fell 0.4%.
Number of dwelling commitments January 2014 compared with December 2014
In trend terms, the number of commitments for owner occupied housing finance fell 0.1%.
In trend terms, the number of commitments for the purchase of new dwellings fell 1.4% and the number of commitments for the purchase of established dwellings fell 0.3% while the number of commitments for the construction of dwellings rose 1.8%.
In original terms, the number of first home buyer commitments as a percentage of total owner occupied housing finance commitments rose to 13.2% in January 2014 from 12.7% in December 2013.