Britons’ housing equity injections decreased to the lowest level in almost six years in the third quarter, the Bank of England said Thursday.
Households injected GBP 8.82 billion in the third quarter compared to GBP 12.17 billion in the previous three months. This was the lowest since the fourth quarter of 2009, when it totaled GBP 8.1 billion.
HEW occurs when withdrawals of housing equity by the household sector are larger than injections of equity.
When households, in aggregate, are withdrawing more equity than they are injecting, HEW is positive. When they are injecting more than they are withdrawing, HEW is negative.
The material has been provided by InstaForex Company – www.instaforex.com