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Measures the annual percentage change in the average price of homes with mortgages provided by the Nationwide Building Society in the UK. It is one of the oldest and most respected house price indices, serving as a leading indicator of health in the UK housing market. A rising trend suggests strong consumer confidence and a robust economy.
Calculated using a hedonic regression model that adjusts for the physical characteristics of properties to ensure a like-for-like comparison over time.
No sustained trend detected for Nationwide Housing Prices YoY (Feb). Forecast accuracy is 68% over 11 readings. The release is expected near the consensus forecast of 1.1.
Watch for the Nationwide House Price index, with forecasts at 1.1%, exceeding the historical average of 0.95%. The current rising trend over the last two periods suggests a steady recovery in the UK property market despite interest rate pressures.
No sustained trend detected for Nationwide Housing Prices YoY (Feb). Forecast accuracy is 68% over 11 readings. The release is expected near the consensus forecast of 1.1.
Watch if the UK housing market sustains its 2-period rising trend. With a 1.1% forecast, the index sits above the 0.95% historical average, reflecting sector resilience despite interest rate pressures.