US Housing Market Data Response Case-Shiller/FHFA House Prices (Dec.) The house price boom continued in December, with month-on-month gains exceeding 1.0% on the FHFA measure for the seventh consecutive month. However, rising mortgage interest rates will weigh on... 23rd February 2021 · 2 mins read
Japan Chart Pack GDP will soon be back at pre-virus path The strong rise in output in Q4 2020 to just 1.2% below Q4 2019 levels bolsters our view that Japan’s economy will be back to the level it reached before the tax hike and close to its pre-virus path... 22nd February 2021 · 10 mins read
US Housing Market Data Response Existing Home Sales (Jan.) Existing home sales managed to eke out a small gain in January, even as inventory fell to new record lows. But the lack of supply means activity will fall back to earth later in 2021, reinforced by... 19th February 2021 · 2 mins read
Canada Data Response Teranet House Prices (Jan.) The further slowdown in the monthly pace of gains in January suggests house price inflation will soon peak at a little more than 10%. 18th February 2021 · 2 mins read
US Housing Market Update High unemployment to benefit homebuilders An elevated unemployment rate, alongside some relaxation in immigration restrictions, will help ease labour shortages in the residential sector this year. Admittedly, not all parts of the economy are... 17th February 2021 · 3 mins read
UK Housing Market Chart Pack Buyer demand appears resilient to end of tax break There are clear signs that the end of the stamp duty holiday is causing the housing market to slow. In January the RICS reported a sharp drop in new buyer enquiries and seller instructions, and house... 16th February 2021 · 8 mins read
UK Housing Market Data Response RICS Residential Market Survey (Jan.) The January RICS survey suggests that the housing market has embarked on the next leg of its journey through the pandemic. The lockdown and the looming end of the stamp duty holiday have caused a... 11th February 2021 · 2 mins read
Australia & New Zealand Economics Weekly New Zealand’s house prices will keep rising strongly The RBNZ is responding to the recent surge in house prices by reimposing and later tightening LVR restrictions on mortgage borrowers. The impact of LVR restrictions on the housing market has been... 11th February 2021 · 6 mins read
UK Housing Market Update Mass exodus drains demand from London and Midlands Our analysis suggests that the apparent sudden drop in the population of the UK last year has led to a huge rise in vacancy rates in the London and Midlands rental markets. House prices in those... 8th February 2021 · 6 mins read
UK Housing Market Data Response Halifax House Prices (Jan.) The drop in the Halifax house price index in January confirmed that the turn of the year coincided with a change of momentum in house prices. We expect house prices to continue to drop back over the... 5th February 2021 · 2 mins read
Europe Commercial Property Update The future for city property In our Future of Property research, we identified important post-pandemic shifts in most real estate sectors. How these trends interact will be key to the outlook for the urban locations where most... 4th February 2021 · 6 mins read
US Housing Market Update Homeownership rate to hold steady in 2021 An improvement in the share of in-person interviews in the fourth quarter HVS survey helped bring the homeownership rate back down from its recent implausible highs. And, with home sales set to slow... 4th February 2021 · 3 mins read
US Housing Market Data Response Mortgage Applications (Jan.) The threat of higher interest rates drove mortgage demand higher in January, with refinancing activity seeing a particularly large gain. A narrowing spread means we expect the upcoming rise in... 3rd February 2021 · 2 mins read
Australia & New Zealand Economics Update Australia - Dwellings investment to rebound this year The recent surge in building approvals has largely been driven by the HomeBuilder Grant and probably won’t last. But with home sales soaring and house prices rising, dwellings investment should... 3rd February 2021 · 3 mins read
UK Housing Market Data Response Nationwide House Prices (Jan.) The small drop in Nationwide house prices in January, the first since June last year, is an early sign of the reversal in the 2020 house price surge we expect to see this year as the stamp duty... 2nd February 2021 · 2 mins read
Australia & New Zealand Data Response Australia - CoreLogic House Prices (Jan.) House prices are already rising at a solid pace but forward indicators suggest that the pace of gains is set to increase in the months ahead. 1st February 2021 · 2 mins read
