Dominic Bryant
Dominic Bryant
beginning growth half line numbers second slow
These numbers are still in line with our projections which already had growth beginning to slow in the second half of 2006.
correction demand house housing indicative major relative strong supply supportive underlying view
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.
conditions correct fact fully household housing improving increase increased large lead market supports view
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.