US Rapid Response US Durable Goods Orders, Advance Economic Indicators (Mar. 2026) & Housing Starts (Feb./Mar. 2026) The batch of data just published suggest the risks to our estimate that first-quarter GDP growth will come in at 2.5% annualised in tomorrow’s advance release are skewed to the upside. 29th April 2026 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Feb. 2026) The surprise fall in house prices in February suggests the market was on even weaker footing than previously thought ahead of the jump in mortgage rates tied to the Iran war. Despite this, we are not... 28th April 2026 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (Mar. 2026) Existing home sales fell back below the historically weak 4m annualised level in March and prospects for April do not look much better, as timely indicators point to weakening housing demand following... 13th April 2026 · 2 mins read
US Housing Market Rapid Response US Mortgage Applications (Mar. 2026) As the timeliest housing activity data we get, the drop in home purchase mortgage applications throughout March is the first clear evidence of homebuyers pulling back in response to higher borrowing... 8th April 2026 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Jan. 2026) House prices already losing momentum prior to Iran war The softer 0.2% m/m rise in house prices in January supports our view that the housing market was already losing momentum before the recent jump... 31st March 2026 · 2 mins read
US Housing Market Rapid Response US New Home Sales (Jan. 2026) The large drop in new home sales in January reflects the impact of extreme cold weather across much of the country, and is likely to have reversed last month. Moreover, newbuild sales are less... 19th March 2026 · 2 mins read
US Housing Market Rapid Response US Housing Starts (Jan 2026) Housing starts were strong in January, despite the poor weather, but permit data suggest that February’s number will be weaker. Meanwhile, the recent rebound in Treasury yields due to the Iran... 12th March 2026 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (Feb. 2026) The surprise rebound in existing home sales in February increases our confidence that January’s weakness was largely weather-related and that resale activity will pick up again in the Spring as more... 10th March 2026 · 2 mins read
US Housing Market Rapid Response US Mortgage Applications (Feb 2026) The sharp 15% fall in home purchase mortgage applications in February was probably due to temporary weather effects, as refinancing activity strengthened and mortgage costs continued to ease over the... 4th March 2026 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Dec. 2025) The marked reacceleration in house price growth in December, to 5.5% on a three-month annualised basis from negative territory only four months prior, reflects strengthening housing demand as mortgage... 24th February 2026 · 2 mins read
US Housing Market Rapid Response US New Home Sales (Nov. & Dec. 2025) New home sales remained solid in November and December, even as the downward march in mortgage rates paused for breath. Because sales are recorded at contract signing, they likely softened in January... 20th February 2026 · 2 mins read
US Housing Market Rapid Response US Housing Starts (Nov & Dec 2025) While housing starts ended the year strongly, and permit data suggest that January’s number should be even more positive, we continue to expect tightening financial conditions will pull starts back... 18th February 2026 · 2 mins read
US Commercial Property Rapid Response NYC won't be alone in facing difficult budget decisions New York City Mayor Zohran Mamdani's proposal for a 9.5% property tax hike to help address a shortfall in the city's budget is likely to be reflected in many other major US cities over the coming... 18th February 2026 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (Jan 2026) The drop in existing home sales to a two-year low in January should prove temporary as the recent decline in borrowing costs feeds into greater homebuyer demand, notwithstanding some potential near... 12th February 2026 · 2 mins read
US Housing Market Rapid Response US Mortgage Applications (Jan. 2026) The large 8% rise in home purchase mortgage applications in January lifted them to their highest level in three years and is consistent with existing home sales rising to around 4.5m annualised over... 4th February 2026 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/ FHFA House Prices (Nov 2025) The solid 0.5% rise in house prices in November builds on October’s upwardly-revised 0.4% rise, and we expect further price acceleration in the months ahead as a pick-up in demand meets nagging... 27th January 2026 · 2 mins read
