UK Housing Market Data Response IHS Markit/CIPS Construction PMI (Oct.) The fall in the headline construction PMI to its lowest level since May shows that the recovery in activity was waning even before the second lockdown began. Admittedly, construction sites will remain... 5th November 2020 · 3 mins read
UK Commercial Property Update Transactions likely to remain weak in 2021 Commercial property transactions are likely to end the year around 40% down on 2019 totals. And with the prospect of an extended lockdown this winter, a slower economic recovery and falling capital... 3rd November 2020 · 3 mins read
US Housing Market Update Demand for expensive homes surges Wealthy buyers seeking homes during the pandemic have driven the share of existing homes sold for over $500,000 to a record high. A lack of inventory has prevented a similar rise in the new home... 2nd November 2020 · 3 mins read
Australia & New Zealand Data Response Australia - CoreLogic House Prices (Oct.) Australia’s housing downturn came to an end last month and we reiterate our forecast that house prices will rise by 7% in 2021, led by Sydney. 2nd November 2020 · 2 mins read
Australia & New Zealand Chart Pack On the road to recovery As restrictions have been lifted in both countries, activity has rebounded. Admittedly, the second draconian lockdown in Victoria will hold back the recovery in GDP in Australia in Q3 and Q4. But we... 29th October 2020 · 11 mins read
Record low inventory to weigh on home sales The main news this week was that home sales hit a record high in September. As inventory is at a record low, sales are set to moderate from here, but prices should keep rising. 16th October 2020 · 6 mins read
UK Housing Market Data Response Credit Conditions Survey (Q3) Mortgage availability saw a modest improvement Q3, but not enough to reverse the large fall seen in Q2. Meanwhile, credit availability to commercial property fell sharply during the quarter, and... 15th October 2020 · 2 mins read
Australia & New Zealand Economic Outlook Huge policy support paves way for strong recovery Australia and New Zealand have had far greater success in containing the virus than most other large advanced economies. Coupled with huge fiscal support, that means that the recovery in economic... 15th October 2020 · 24 mins read
China Economic Outlook Recovery broadening out China has become the first major economy to return to its pre-virus growth path, thanks to its rapid containment of COVID-19 and effective stimulus response. The rebound initially leaned heavily on... 12th October 2020 · 2 mins read
Japan Chart Pack Rising labour costs to prevent slump in inflation Inflation has held up better than we had anticipated in recent months. The surge in spare capacity suggests that it could weaken more sharply as social distancing measures are relaxed. But we only... 12th October 2020 · 10 mins read
UK Housing Market Data Response RICS Residential Market Survey (Sep.) Housing market activity rose for a fourth consecutive month in September, but the market may be approaching an inflection point. We expect house price growth and transactions to cool by the end of the... 8th October 2020 · 2 mins read
Japan Economic Outlook Recovery could surprise to the upside Japan’s success in containing the virus without imposing draconian restrictions on activity should enable a faster return to pre-virus levels of output than in many major economies. We expect GDP to... 8th October 2020 · 21 mins read
UK Housing Market Data Response Halifax House Prices (Sep.) House price growth surged to a four-year high according to the Halifax index. But there are tentative signs that the pent-up demand driving the latest mini-boom may be running out. We think house... 7th October 2020 · 2 mins read
Australia & New Zealand Data Response Australia - CoreLogic House Prices (Sep.) The housing downturn continued its run in Sydney and Melbourne in September, but prices rose again in the other six capital cities and we think nationwide prices will reach a trough by the end of this... 1st October 2020 · 2 mins read
US Housing Market Update Supply of new homes running out Surging demand has led to a sharp drop in the number of new homes for sale, with the fall driven by a collapse in the inventory of completed homes. A jump in single-family building permits will... 30th September 2020 · 3 mins read
