US Housing Market Data Response New Home Sales (Jun.) New homes sales dropped for the third month in a row in June, as homebuilders restricted sales in an effort to catch-up with the backlog of homes sold last year. But builders have reported continued... 26th July 2021 · 2 mins read
US Housing Existing Home Sales (Jun) Existing home sales edged higher in June, but the bigger picture is that housing market activity is cooling. Booming house prices, rising mortgage rates and tight inventory will weigh on demand this... 22nd July 2021 · 2 mins read
UK Housing Post-holiday slump in transactions won’t hit prices It is inevitable that transactions will drop sharply after setting a record high in June. But the stamp duty holiday is just one of several factors behind the housing market boom, so house prices... 21st July 2021 · 2 mins read
US Housing Housing Starts (Jun.) Single-family housing starts rose by 6.3% m/m in June. Despite this, even after the sharp decline in lumber prices in recent weeks there are still signs that supply shortages are holding back... 20th July 2021 · 2 mins read
Canada Economics Teranet House Prices (Jun.) House price inflation accelerated to 16% y/y in June but, with the sales-to-new listing ratio falling in recent months, price inflation will peak in the second half of the year. 20th July 2021 · 2 mins read
US Housing Home sales to ease even as mortgage rates stay low Even as mortgage rates have remained low, housing market activity has dropped back as booming house prices, tight credit conditions and a lack of inventory have put off buyers. We expect that dynamic... 15th July 2021 · 17 mins read
UK Housing Credit Conditions Survey (Q2 2021) A further easing of concerns about the outlook for property prices and the economy suggests that mortgage lending conditions will continue to improve. That will help ensure that house prices are... 15th July 2021 · 3 mins read
US Housing Will booming house prices translate into rents? The recent surge in house price growth to record highs does not automatically mean rental growth is also set to take off. But a strong recovery in rental demand as cities reopen and households make... 14th July 2021 · 3 mins read
US Housing Market Update Bounce in high-rise demand to give way to gardens There is mounting evidence that the exodus from cities is winding down. As economies reopen, we think that cities will come back to life, bringing a wave of new demand for high-rise apartments. But... 9th July 2021 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (Jun.) Activity and house prices were extremely strong again in June according to the RICS survey, although there was a distinct softening in the more forward-looking balances. As supply remains limited, we... 8th July 2021 · 2 mins read
US Housing Market Data Response Mortgage Applications (Jun.) Home purchase mortgage applications fell back again in June, leaving them down 23% compared to the 11-year high seen in January. Tight inventory and stretched affordability are largely responsible for... 7th July 2021 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Jun.) While we would be wary of reading too much into the small decline in house prices in June reported by Halifax, timely measures of house prices are consistent in pointing to a moderation in house price... 7th July 2021 · 2 mins read
US Housing Market Chart Pack Home demand drops as prices surge Despite mortgage rates seeing little movement in recent months, mortgage applications for home purchase have dropped to their lowest level since April last year. That implies home sales have further... 7th July 2021 · 8 mins read
UK Housing Market Chart Pack Demand shifts towards outer London London house prices have underperformed the national average over the past year as the pandemic has led to a shift in demand away from inner cities. Arguably London was due a period of weaker price... 2nd July 2021 · 6 mins read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Jun.) House prices are continuing to surge and forward indicators suggest the upswing has a little further to run. But we suspect the boom will peter out by the end of the year and prices will decline a... 1st July 2021 · 2 mins read
US Housing Major Apartment Markets Outlook (Q2 2021) With cities reopening apartment demand will see a substantial rise this year, boosted by the arrival of households who delayed a move last year. Vacancy rates will fall back in all six major cities... 29th June 2021 · 8 mins read
