UK Housing Market Data Response Nationwide House Prices (Feb.) & Mortgage Lending (Jan.) Mortgage approvals for house purchase rose for the fifth consecutive month in January. But they are still lower than this time last year, and with house price inflation holding broadly steady at 4.5%... 1st March 2017 · 1 min read
UK Data Response Markit/CIPS Report on Manuf. (Feb.) Despite the fall in February’s Markit/CIPS manufacturing PMI, the survey still suggests that the sector carried a decent amount of momentum into 2017. However, there are signs that price rises are... 1st March 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Dec.) Annual house price growth reached 5.8% in December according to Case-Shiller, the fastest pace of growth for 2½ years. With market conditions set to remain tight, as faster income growth supports... 28th February 2017 · 1 min read
US Housing Market Data Response New Home Sales (Jan.) At 3.7% m/m in January, the rise in new home sales came in slightly below expectations. Very wet weather in the West seems partly to blame. The good news is that with inventory levels improving... 24th February 2017 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Jan.) Mortgage approvals picked up at the start of 2017, supported by record low interest rates and a solid economic backdrop. But continued weakness in buy-to-let lending will temper the recovery across... 24th February 2017 · 1 min read
UK Housing Market Data Response Housebuilding (Q4 2016) Healthy levels of consumer confidence and steady economic growth encouraged housebuilders to ramp up production in Q4. And while we don’t think that pace of growth will be sustained, the outlook for... 23rd February 2017 · 1 min read
UK Housing Market Update Downsizing is not the answer to the housing market’s woes In theory, an increase in downsizing could improve housing market liquidity. But it would do nothing to fix excessively high house prices, nor would it boost the overall supply of housing. 22nd February 2017 · 1 min read
Australia & New Zealand Chart Pack Overshoot in business confidence The notable improvement in a number of leading activity indicators in the past month or so is consistent with a sizeable pick-up in GDP growth in Australia. But we remain cautious about the prospects... 22nd February 2017 · 1 min read
Canada Economics Weekly Move-up buyers inflating housing bubble Toronto’s growing housing bubble is being blamed on desperate first-time buyers chasing a dwindling inventory of homes for sale, but that’s a red herring. The truth is that it’s mainly being driven by... 17th February 2017 · 1 min read
US Housing Market Data Response Housing Starts (Jan.) Homebuilding activity has made a slow start to 2017, with housing starts falling back by 2.6% m/m in January. The jump in homebuilder confidence following Trump’s win has also been gradually unwinding... 16th February 2017 · 1 min read
UK Commercial Property Data Response Employment (Dec.) Today’s data show that the labour market is holding up well. That said, with employee numbers flat, occupier demand looks set to be steady rather than resurgent. 15th February 2017 · 1 min read
UK Housing Market Data Response CML Lending Trends (2016 Q4) Weak demand from home-movers and prospective BTL landlords continued to drag on mortgage lending towards the end of last year. As a result, lending volumes recorded their weakest Q4 performance since... 14th February 2017 · 1 min read
UK Housing Market Data Response UK House Price Index (Dec.) House price growth on the official index accelerated in December, driven in part by a surprisingly strong set of figures for the North of England. But with house prices high across the country, this... 14th February 2017 · 1 min read
Australia & New Zealand Economics Weekly RBA more concerned about investor lending In February’s Statement on Monetary Policy the Reserve Bank of Australia drew particular attention to the recent pick up in mortgage lending to investors. Given its concerns, if investor lending... 10th February 2017 · 1 min read
UK Housing Market Chart Pack Housing market sees tepid start to 2017 With house price growth cooling and buyer enquiries slowing, the housing market saw a fairly tepid start to 2017. Looking ahead, with prices already so high and mortgage regulations increasingly... 9th February 2017 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Jan.) January’s RICS survey reported that the number of homes coming onto the market fell again. But while the shortage of homes for sale will keep competition amongst buyers high, house prices are already... 9th February 2017 · 1 min read
