UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Nov.) The rise in the headline construction PMI in November showed that the industry continued to recover even as overall economic activity probably contracted again. But builders’ optimism that this will... 4th December 2020 · 3 mins read
US Housing Market Update Vaccine will not provide a quick fix for real estate News about a vaccine has boosted financial markets and we have revised up our global economic expectations for the next two years or so. But while we think that this bodes well for the medium term... 2nd December 2020 · 3 mins read
Europe Commercial Property Update Vaccine will not provide a quick fix for real estate News about a vaccine has boosted financial markets and we have revised up our global economic expectations for the next two years or so. But while we think that this bodes well for the medium term... 2nd December 2020 · 3 mins read
UK Commercial Property Update Vaccine will not provide a quick fix for real estate News about a vaccine has boosted financial markets and we have revised up our global economic expectations for the next two years or so. But while we think that this bodes well for the medium term... 2nd December 2020 · 5 mins read
US Housing Market Data Response Mortgage Applications (Nov.) Issues with seasonal adjustment over the Thanksgiving holiday, when many more people stayed home and perhaps applied for a mortgage, led to a spike in home purchase mortgage applications in the final... 2nd December 2020 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Nov.) Despite GDP being set for its biggest fall in 300 years this year, annual house price growth accelerated to its highest rate since January 2015 in November. The divergence has only been possible due... 1st December 2020 · 2 mins read
Australia & New Zealand Data Response Australia - CoreLogic House Prices (Nov.) House prices are now rising in Australia and we reiterate our forecast that house prices will rise by 7% in 2021, though the risks look skewed to the upside. 1st December 2020 · 2 mins read
UK Commercial Property Data Response Lending to commercial property (Oct.) Net lending turned negative in October. We think this can be explained by weaker investment activity and a return to more regular loan repayments after earlier payment holidays. Looking ahead, we... 30th November 2020 · 2 mins read
Australia & New Zealand Chart Pack Labour markets prove resilient We have been arguing for some time that the unemployment rate would not rise as much as most believed in either Australia or New Zealand. We remain confident in those forecasts. Admittedly, the... 30th November 2020 · 11 mins read
UK Housing Market Focus House prices set to dip in 2021 The negative economic impacts of COVID-19 have bypassed the housing market so far due to the extraordinary support measures put in place by the government, regulators, and banks. But while policy has... 27th November 2020 · 12 mins read
Australia & New Zealand Economics Weekly Rebounding house prices lower need for policy easing House prices in New Zealand are 20% higher than a year ago and look poised to surge in Australia. New Zealand’s central bank is already under pressure to respond to rapid house price inflation and we... 27th November 2020 · 7 mins read
US Housing Market Data Response New Home Sales (Oct.) New home sales levelled off in October, suggesting that pent-up demand from the spring is running out. In addition, strong sales over the summer months have left the supply of homes for sale at an all... 25th November 2020 · 2 mins read
US Commercial Property Valuation Monitor Retail and office pricing still unattractive Property valuations improved for the seventh consecutive quarter in Q3, following another sharp fall in equities earnings yields. But this was the smallest rise in valuation scores this year and... 24th November 2020 · 6 mins read
US Commercial Property Chart Pack Occupier markets heading south Although the economy partially recovered in Q3, it is still operating well below capacity. Lower employment will weigh on the consumer sector over at least the next year. Office and retail have been... 20th November 2020 · 8 mins read
Canada Economics Weekly Housing market shrugs off worsening outbreaks Home sales remained high in October while house price inflation accelerated. While renewed lockdowns could soon dent home sales, we doubt they would lower prices. 20th November 2020 · 4 mins read
UK Commercial Property Outlook Lockdown pushes recovery into 2022 The outlook for most commercial property sectors was already fragile and this has only been dampened by the second lockdown. Although transactions are set to pick up next year, we think property... 20th November 2020 · 25 mins read
