Given the huge amount of new supply set to reach the housing market this year, the recent deterioration in home sales is bad news for house prices. While house price weakness will be painful, the end of the construction boom will have even larger implications for economic growth.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services