The Bank of England’s measure of housing equity withdrawal (HEW) is calculated as the balance of effects on the stock of housing equity from:
- Changes in the stock of secured lending when households take out or repay debt.
- Changes in the stock of housing wealth, e.g. when new properties are built or improvements are made to existing properties.
The stock of housing equity can also change as a result of revaluations of the stock of housing wealth due to changes in house prices, but this is not included in HEW.
HEW data series are published quarterly on the
Interactive Database. The codes are as follows:
| Series |
Code |
| Housing equity withdrawal (HEW) |
BE92 |
| HEW as a percentage of post-tax income |
B9LX |
| Net lending secured on dwellings, changes |
VTVJ |
| Net lending secured on dwellings, 1-quarter growth rate |
BL2J |
| Net lending secured on dwellings, 1-quarter growth rate (annualised) |
VTYG |
| Net lending secured on dwellings, 4-quarter growth rate |
VTYI |
Further background information is available in the HEW explanatory notes
Explanatory Notes
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Next release date: 06 April 2017