Dominic Bryant House Quotations

It's indicative of strong underlying demand for housing relative to supply and it's supportive of the view you will not get a major correction in house prices.

Overall we still believe the recovery in the housing market will start to boost household confidence and spending.

The fact MEW did not fully correct the large Q2 increase supports our view that conditions in the housing market are improving and that this will, at some point, lead to increased household consumption.