US Housing Market Chart Pack Home sales to cool as affordability worsens House price growth surged to 8.4% y/y in October, as booming home sales have combined with record low inventory to boost values. But that rise in prices has already offset the improvement to... 15th January 2021 · 9 mins read
US Commercial Property Update Hub and spoke model not the future of offices Many commentators are arguing that firms will shift towards a “hub and spoke” model following the pandemic. But we think the arguments for this approach are not as strong as they first seem, and that... 12th January 2021 · 3 mins read
US Housing Market Outlook Housing market to cool in 2021 The housing market boomed in the latter half of 2020, as record low mortgage rates, displacement due to COVID-19 and increased savings boosted home demand. But those drivers will ease in 2021 and... 23rd December 2020 · 17 mins read
US Housing Market Data Response FHFA House Prices / New Home Sales (Oct/Nov.) New home sales fell 11.0% m/m in November, driven by a lack of inventory and pent-up demand from earlier in the year coming to an end. But easing demand is yet to feed through to house price growth... 23rd December 2020 · 2 mins read
US Commercial Property Update Structural changes threaten the hotel recovery The hotel sector has been hit hardest by the virus, and we expect its recovery will be slower than the other sectors. And, even when vaccines pave the way for an improvement in occupancy, structural... 22nd December 2020 · 3 mins read
Non-Euro Europe Commercial Property Outlook Emerging Europe: Not out of the woods yet While vaccine developments have improved the economic outlook for the latter half of next year, the near-term weakness in economic activity means that property values will remain under pressure over... 18th December 2020 · 19 mins read
US Housing Market Data Response Housing Starts (Nov.) Single-family starts rose for the seventh consecutive month in November, but at a slower pace. And with production constraints starting to weigh on homebuilder confidence, we think that gains will... 17th December 2020 · 2 mins read
US Commercial Property Outlook Structural changes will keep office and retail in the doldrums While the news of vaccines provides a fillip to our economic outlook, it does not have a major bearing on our occupier market forecasts. After all, we expect that structural change, rather than... 11th December 2020 · 23 mins read
US Housing Market Chart Pack Boom in house price growth will prove short-lived The surge in home sales looks to be running out of steam. The pending home sales index dropped back in September and October, and that points to a fall in existing home sales in November. With pent-up... 9th December 2020 · 8 mins read
UK Commercial Property Chart Pack Lockdown prolongs capital values falls With rental and capital values falling at a slower pace in recent months, this had seemed to suggest that pricing was bottoming out. But the near-term outlook for most commercial property sectors has... 30th November 2020 · 8 mins read
US Housing Market Data Response New Home Sales (Oct.) New home sales levelled off in October, suggesting that pent-up demand from the spring is running out. In addition, strong sales over the summer months have left the supply of homes for sale at an all... 25th November 2020 · 2 mins read
US Commercial Property Chart Pack Occupier markets heading south Although the economy partially recovered in Q3, it is still operating well below capacity. Lower employment will weigh on the consumer sector over at least the next year. Office and retail have been... 20th November 2020 · 8 mins read
UK Commercial Property Outlook Lockdown pushes recovery into 2022 The outlook for most commercial property sectors was already fragile and this has only been dampened by the second lockdown. Although transactions are set to pick up next year, we think property... 20th November 2020 · 25 mins read
UK Housing Market Chart Pack Summer surge in prices subsides Housing market activity is booming as pent up demand from the first lockdown is expended and buyers rush to take advantage of the stamp duty cut. There are some tentative signs, though, that the surge... 11th November 2020 · 9 mins read
UK Housing Market Update Could cladding issues weigh on the housing market? Cladding issues are a downside risk to our already weak housing transactions forecasts for next year. If there continues to be severe testing delays and no change in policy, transactions could end up... 9th November 2020 · 3 mins read
UK Housing Market Data Response Nationwide House Prices (Oct.) House prices rose at their fastest rate in five years during October. But the housing market is mainly being driven by temporary factors such as pent-up demand and the stamp duty cut. Looking ahead... 30th October 2020 · 2 mins read
