US Housing Market Chart Pack Tight market conditions drive up house prices A contraction in existing home sales, for the second consecutive month in August, failed to prevent a further decline in inventory levels. That lack of inventory is acting to constrain housing market... 11th October 2016 · 1 min read
China Economics Update Coming property price correction to weigh on growth The sharp rise in property prices over the past year, fuelled by a surge in mortgage lending, is clearly not sustainable and we expect a correction before long. This may not be the threat to financial... 11th October 2016 · 1 min read
UK Housing Market Focus What’s driving the surge in Build-to-Rent? Record demand for rented homes, rock-bottom interest rates and an unusually low spread between commercial and residential property income returns have triggered a surge in build-to-rent activity this... 10th October 2016 · 1 min read
Japan Chart Pack Slowdown in services inflation highlights failure of QQE Recent data suggest that the economic recovery may be a touch stronger than we had been expecting. However, there are no signs that the tight labour market is fuelling price pressures. While the Bank... 10th October 2016 · 1 min read
Canada Economics Weekly Will the latest mortgage rule changes derail housing? The housing market dominated the headlines again last week, with news of another sharp decline in Vancouver home sales in September accompanied by the announcement of a package of new measures on... 7th October 2016 · 1 min read
US Housing Market Data Response Mortgage Applications (Sep.) The 4.1% m/m rise in mortgage applications for home purchase in September does nothing to change the fact that mortgage demand has stalled since the start of the year. A lack of inventory is... 5th October 2016 · 1 min read
UK Housing Market Chart Pack Housing market looking resilient Demand in the housing market is retrenching after a brief period of post-referendum nerves, as evidenced by the rapid rebound in buyer sentiment. That said, buyer and seller numbers still fell in... 5th October 2016 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Aug. 16) Even accounting for the fact that the first estimate of house prices by CoreLogic is likely to be revised down, it is clear the house prices are accelerating. After seasonal-adjustment prices surged... 4th October 2016 · 1 min read
UK Economics Weekly Will the housing market hold back the economy? In contrast to the mostly upbeat data on the state of the economy after the Brexit vote, the housing market still appears to be cooling. But we don’t think house prices or transactions will fall too... 30th September 2016 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Sep. 16) While house price growth slowed a touch in September, the bigger picture is one of resilience in the face of the Brexit vote. Yet the fundamentals suggest that prices are still very high, meaning that... 30th September 2016 · 1 min read
UK Housing Market Update Help to Buy won’t be missed Help-to-Buy: mortgage guarantee successfully kick-started the market for high LTV mortgages back in 2014. But such loans are now increasingly provided without government support. As a result, we think... 29th September 2016 · 1 min read
US Housing Market Update Is Airbnb behind the high number of vacant homes? While the rising popularity of Airbnb may have worsened housing shortages in some cities, it is hard to blame the apartment sharing website on the nationally high level of vacant homes. Rather, homes... 29th September 2016 · 1 min read
UK Housing Market Data Response Mortgage Lending (Aug. 16) Mortgage approvals edged down further in August as the referendum hit to buyer confidence continued to feed through to lending. While confidence is slowly returning as it becomes clear that the... 29th September 2016 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Jul. 16) House price gains are picking up pace as buyers compete for a very limited number of homes for sale. At the national level, the 0.4% m/m rise in July was the largest for six months. And with supply... 27th September 2016 · 1 min read
US Housing Market Data Response New Home Sales (Aug. 16) The drop in new home sales in August was smaller than expected, and comes on the back of an upwardly revised surge in sales in July. That has kept market conditions tight, which will weigh on activity... 26th September 2016 · 1 min read
UK Housing Market Update BBA Mortgage Lending (Aug.) The first snapshot of mortgage lending in August shows that the drop in buyer enquiries and agreed sales seen in the run up to June’s EU referendum and in its aftermath is still feeding through to the... 26th September 2016 · 1 min read
