UK Housing Market Update

UK RICS Residential Market Survey (Apr. 2025)

The housing market should pull out of its current funk in the coming months even if the Bank of England were to suggest later today that interest rates won’t fall as fast as the financial markets...

8th May 2025 · 3 mins read

US Housing Market Outlook

US Housing Outlook: Market in need of rate relief that is not coming

President Trump’s inflationary trade and immigration policies leave no clear path to the lower borrowing costs that the housing market desperately needs. A tariff-driven resurgence in inflation will...

2nd May 2025 · 15 mins read

UK Economics Weekly

UK Weekly: Housing market adds to the downside risks to activity

We suspect that the recent slowdown in house prices this year is temporary. But while it is not our base case, a weaker housing market for longer would add to the downside risks to our already below...

2nd May 2025 · 4 mins read

UK Housing Market Outlook

UK Housing Outlook: Housing relatively well insulated from Trump tariffs

While the more uncertain global backdrop due to the new US tariffs regime means we have become more confident in our below-consensus UK GDP forecast, the prospect of falling mortgage rates suggests UK...

1st May 2025 · 17 mins read

Australia & New Zealand Economics Update

Weak housing market starting to weigh on inflation

Stretched housing affordability continues to keep a lid on house price growth. And if we’re right that the RBA will only lower rates by another 50bp, it will remain a headwind. But with the housing...

1st May 2025 · 3 mins read

UK Housing Market Rapid Response

UK Nationwide House Prices (Apr. 2025)

April’s bigger-than-expected 0.6% m/m fall in Nationwide house prices (consensus forecast 0.0% m/m, Capital Economics -0.1% m/m) isn’t too surprising as most of it probably reflects home purchases...

30th April 2025 · 3 mins read

US Housing Market Rapid Response

US Case-Shiller/FHFA House Prices (Feb. 2025)

February’s 0.4% m/m rise in house prices is still a bit stronger than the timely leading indicators - like rising months’ supply and longer average time on market - would suggest. However, along with...

29th April 2025 · 2 mins read

Australia & New Zealand Chart Pack

ANZ Chart Pack (Apr. 2025)

Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. At first glance, Australia and New Zealand should be fairly insulated from the brunt of the US’s...

24th April 2025 · 1 min read

Canada Economics Update

Canada Housing Watch (Apr. 25)

The housing market took another leg down in March, with the larger decline in single-family home prices suggesting that owner-occupiers rather than investors are behind the most recent weakness...

15th April 2025 · 4 mins read

UK Housing Market Update

UK RICS Residential Market Survey (Mar. 2025)

March’s RICS survey suggests both the weak domestic economy and the headwinds from the global tariff storm continue to increase the downside risks to our 2025 forecasts for housing demand and prices...

10th April 2025 · 3 mins read

UK Housing Market Rapid Response

UK Halifax House Prices (Mar. 2025)

The 0.5% m/m fall in Halifax house prices in March provides further evidence that the boost from buyers rushing to complete home purchases before the rise in stamp duty on 1 st April had already run...

7th April 2025 · 3 mins read

UK Housing Market Update

Did the pandemic change where households are choosing to live?

The pandemic triggered an exodus from large cities in both the UK and US as households used the freedom of remote work to move to cheaper locations with larger homes. In the rental market, that trend...

3rd April 2025 · 6 mins read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (Apr. 2025)

The easing in house price growth in both February and March suggests momentum in the housing market is waning. What’s more, as we now think the Bank of England will press pause on the interest rate...

2nd April 2025 · 1 min read

UK Housing Market Rapid Response

UK Nationwide House Prices (Mar. 2025)

The stagnation in Nationwide house prices in March suggests any boost from buyers rushing to complete home purchases ahead of the rise in stamp duty from today may have run its course and/or been...

1st April 2025 · 3 mins read

Australia & New Zealand Economics Update

RBA rate cuts won’t do much for housing affordability

Australian house price growth remained soft in March, amid still-weak housing demand. Although the RBA’s easing cycle could help deliver a shift in momentum later this year, stretched affordability is...

1st April 2025 · 3 mins read