In seasonally adjusted terms, the Bank’s measure of housing equity withdrawal (HEW) in 2011 Q3 was -£8.6bn compared to -£9.6bn in 2011 Q2 (Table A), revised from the previous Q2 estimate of -£9.1bn. HEW as a percentage of post-tax income was -3.3% in 2011 Q3, compared to the revised percentage for 2011 Q2 of -3.7%. The negative figures indicate a continued injection of housing equity by households overall, with the net flow of lending secured on dwellings remaining weaker than their investment in housing. The flow of secured lending remained positive (Table A). The decline in HEW – and move to injections of housing ... (full story)