Measures the month-over-month change in the selling price of homes with mortgages from Nationwide Building Society. This indicator provides a more immediate view of short-term trends and momentum in the UK property market compared to the annual figure. It is closely watched by the Bank of England when assessing inflationary pressures from the housing sector.
The index is based on Nationwide's own mortgage lending data, utilizing a hedonic pricing method to account for property mix changes.
No sustained trend detected for Nationwide Housing Prices MoM (Feb). Forecast accuracy is 70% over 11 readings. The release is expected near the consensus forecast of 0.3.
No sustained trend detected for Nationwide Housing Prices MoM (Feb). Forecast accuracy is 70% over 11 readings. The release is expected near the consensus forecast of 0.3.
We are watching whether the UK housing market maintains its current momentum, with forecasts at 0.3%, significantly above the historical average of 0.04%. This release follows a two-period rising trend, and given the exceptionally high historical forecast accuracy, markets will be sensitive to any deviation.