<b></b>Last month's surprise quarter point cut in interest rates looks set to further fuel a housing market which is continuing to surge ahead despite discouraging signs from the wider economy. Housing economist John Stewart says that the market is not heading for another 90s style crash, but that there are warning signs that an interest rate rise could result in a correction of the south-eastern market. <br>The latest HBF survey (see table) shows housebuilders reporting a small increase in visitors in July compared to last year and most housebuilders reported a rise in reservations. Prices are still rising strongly. <p></p><p>NHBC figures find that private registrations in the first seven months of the year are down 5% on last year. </p><p>&amp;"This year's buoyant housing demand conditions do not appear to have had any impact on housebuilding activity....a major factor being planning delays.&amp;" </p><p>Government figures for the three months to June show private sector starts up by 1% on a year ago, while completions were 2% down.</p><p><b><br> <b>HBF Monthly Survey Summary Results</b></b><br><b><br> <b>Activity in the month compared with the same month a year ago (balance*)</b></b></p><p> &amp; <b>Apr</b> <b>May</b> <b>Jun</b> <b>July</b></p><p><br> Site visitors +5 +10 +6 +6</p><p><br> Net reservations +29 +23 +14 +25</p><p><b><br> …