The recent rebound in housing transactions and jump in house prices will boost consumption over the coming months, but the boost will only be temporary. Once the stamp duty holiday expires at the end of March and the unemployment rate starts to rise, the housing market will cool and could even act as a drag on consumer spending next year.
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