US Housing Market Rapid Response US Existing Home Sales (Sep. 2026) While existing home sales edged up in September, the bigger picture is that they remain below the 4m annualised mark associated with a very weak market, weighed down by elevated mortgage rates... 13th October 2026 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Jul. 2026) House prices remained resilient in July but will eventually come under pressure as the latest rise in mortgage rates to their current level of 7.1% takes a toll. We expect prices to be unchanged over... 29th September 2026 · 2 mins read
US Housing Market Rapid Response US Housing Starts (Aug. 2026) While single-family housing starts rebounded in August, the fall in the number of building permits issued last month suggests this strength will be short-lived. The big picture remains that elevated... 17th September 2026 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (Aug. 2026) The fall in existing home sales to 3.98m annualised in August will likely be followed by further declines over the next few months, as mortgage rates look set to climb above 7% amid a further selloff... 10th September 2026 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Jun. 2026) Even though the 0.2% m/m rise in house prices in June was stronger than we expected, we remain reasonably confident that prices will lose momentum heading into the third quarter as the backward... 25th August 2026 · 2 mins read
US Housing Market Rapid Response US Housing Starts (Jul. 2026) Sharp declines in both single- and multi-family starts in July suggest developers were wary of starting new projects amid the renewed rise in mortgage rates. But stronger permit issuance across both... 18th August 2026 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (Jul. 2026) The modest fall in existing home sales in July will probably be followed by further declines in the next few releases, reflecting the steady rise in mortgage rates through June and July, which reached... 11th August 2026 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (May 2026) Although house prices regained some momentum in May the recent rebound in mortgage rates to around 6.8% will further weigh on affordability, suggesting this won’t be sustained. 28th July 2026 · 2 mins read
US Housing Market Rapid Response US Housing Starts (Jun. 2026) Rebound in homebuilding not as good as it looks The strong rebound in housing starts in June wasn’t quite as promising the headline number suggests, as it was entirely driven by a surge in the... 17th July 2026 · 1 min read
US Housing Market Rapid Response US Existing Home Sales (Jun. 2026) Higher mortgage rates weighing on homebuying The fall in existing home sales in June, together with the further rise in mortgage rates in recent months, continues to point to downside risks to our... 9th July 2026 · 1 min read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Apr. 2026) Pause in house price falls will be temporary The unchanged level of house prices in April was a slightly better result than we had been predicting and reinforced our view that a sustained downturn in... 30th June 2026 · 2 mins read
US Housing Market Rapid Response US Housing Starts (May 2026) Looking past the volatility in multifamily starts, the latest batch of data suggest the housing market is just about weathering the latest rise in mortgage rates. 16th June 2026 · 1 min read
US Housing Market Rapid Response US Existing Home Sales (May 2026) The rise in existing home sales in May was a bit stronger than we expected but, given the further increase in mortgage rates in recent weeks, we remain concerned about the downside risks to our... 9th June 2026 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Mar. 2026) Back-to-back house price declines in February in March, before the full effects of the Iran war on mortgage rates would even have been felt, suggest now is the time to downgrade our forecast. Rather... 26th May 2026 · 2 mins read
US Housing Market Rapid Response US Housing Starts (Apr. 2026) The small fall in housing starts in April masks a weaker underlying picture, with a surge in volatile multi-family starts offsetting a material weakening in single-family groundbreaking, albeit from a... 21st May 2026 · 1 min read
US Housing Market Rapid Response US Existing Home Sales (Apr. 2026) The barely changed level of existing home sales in April shows how elevated mortgage rates and economic uncertainty are dissuading homebuying. With the full impact of the recent rise in borrowing... 11th May 2026 · 2 mins read
