US Housing Market Data Response Housing Starts (Jul. 16) Housing starts managed to rise modestly for the second month in a row in July, but their overall performance remains lacklustre. But with so few existing homes for sale and the labour market creating... 16th August 2016 · 1 min read
UK Housing Market Data Response Official UK House Price Index (Jun.) Today’s data point to solid house price growth ahead of the referendum. And while London lost the top spot, price growth there still recorded double-digit gains. Yet with prices already high, and the... 16th August 2016 · 1 min read
US Housing Market Update Why our house price forecast is top of the pack Our expectation for a 6% rise in house prices this year puts us in the top eight out of 105 forecasters. But with market conditions very tight, and only a small acceleration in monthly gains needed to... 15th August 2016 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Jul. 16) The acceleration in national house price growth to a six-year high of 10.9% y/y in July, from 10.0%, reflects a spreading out of the housing mania beyond just Toronto and Vancouver. The most recent... 12th August 2016 · 1 min read
UK Housing Market Update Lower rates to prop up Buy-to-Let demand Lower interest rates will do little to help frustrated first-time buyers get onto the housing ladder. But they will ensure that the income returns offered by BTL investments continue to be relatively... 12th August 2016 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Jul.) July’s RICS survey suggests that the initial shock that followed the referendum eased a little over the month. But with most readings still in negative territory, the data are signalling a slowdown in... 11th August 2016 · 1 min read
US Housing Market Chart Pack Brexit’s impact is already fading The impact of Brexit on the housing market has been short-lived and minimal. A widening in spreads meant that mortgage rates did not fall as far as Treasury yields, which have in any case since... 10th August 2016 · 1 min read
UK Housing Market Data Response CML Lending Trends (2016 Q2) Mortgage advances for house purchase picked up strongly in June. But with most of the data reflecting transactions agreed pre-referendum, these figures do not give a clean bill of health to the post... 10th August 2016 · 1 min read
US Housing Market Focus Is the rental market losing steam? Despite some signs that the rental market is losing momentum, low rental vacancy rates and the prospect of stronger growth in average hourly earnings mean that investors in residential real estate can... 8th August 2016 · 1 min read
Japan Chart Pack Growth not strong enough to boost price pressures Weak survey evidence notwithstanding, the economy likely continued to recover in the second quarter, while the labour market has rarely been tighter. However, wage growth remains anaemic and the past... 8th August 2016 · 1 min read
UK Housing Market Chart Pack Post-referendum chill starts to show The first set of post-referendum housing market data is consistent with our expectations of a slump in transactions over the next 6 to 12 months. That said, while the picture painted by the main house... 5th August 2016 · 1 min read
UK Housing Market Data Response Halifax House Prices (Jul.) Today’s Halifax index painted a mixed picture for the post-referendum house price reaction. But taking a wider view, there are plenty of signs that house price inflation is set to slow markedly over... 5th August 2016 · 1 min read
UK Housing Market Update Will the MPC inject fresh life into the housing market? Today’s measures from the MPC met our expectations. And while mortgage interest rates are now likely to fall a little further, uncertainty amongst buyers means that this is unlikely to give lending... 4th August 2016 · 1 min read
US Housing Market Data Response Mortgage Applications (Jul.) The drop in mortgage rates triggered by Brexit gave the refinancing sector a boost in July. But applications for home purchase dropped back, as tight credit conditions and a lack of housing inventory... 3rd August 2016 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jun.) Low levels of inventory mean that, even with housing demand rising at a subdued pace, house prices are on the up. While the 0.7% m/m gain in June reported by CoreLogic is likely to be revised down, it... 2nd August 2016 · 1 min read
Australia & New Zealand Economics Update Rates in Australia may yet have to fall to 1.0% If it is going to weaken the Australian dollar to help solve its low inflation problem, the Reserve Bank of Australia may have to follow today’s 0.25% interest rate cut to a new record low of 1.5%... 2nd August 2016 · 1 min read
