UK Housing Market Data Response Nationwide House Prices (Sep.) House prices are rising at their fastest rate in four years. But price gains are likely to slow as the pent-up demand driving the market now is expended. Looking ahead, we think a weak underlying... 30th September 2020 · 2 mins read
Australia & New Zealand Chart Pack Victoria restrictions didn’t hit as hard as initially feared The surge in case numbers due to the second wave in Melbourne has been brought under control with new daily cases falling back towards zero. Heavy restrictions on activity still remain in place in... 30th September 2020 · 10 mins read
Australia & New Zealand Economics Focus House prices may rise by 7% in 2021 The improvement in the labour market, lower borrowing costs and a turnaround in leading indicators all suggest that the housing downturn will soon come to an end. We now expect house prices across the... 22nd September 2020 · 16 mins read
UK Housing Market Update Rising interest rates don’t signal a credit crunch We don’t think the surge in high-LTV interest rates signals an incoming credit crunch. Rather, it probably reflects lenders prioritising demand from less risky borrowers. As the surge from pent-up... 18th September 2020 · 3 mins read
UK Housing Market Chart Pack V-shaped housing recovery emerges The housing market has so far seen a V shaped recovery. House purchase mortgage approvals have already recovered to their pre-virus level, while house prices have reversed the dip recorded earlier in... 16th September 2020 · 8 mins read
China Economics Weekly Trade surplus near all-time global high Data released this week confirm that China is on course to run one of the biggest annual current account surpluses ever recorded relative to global GDP, despite the global economic slump. Pandemic... 11th September 2020 · 5 mins read
UK Housing Market Data Response RICS Residential Market Survey (Aug.) The housing market strengthened further in August. But as pent-up demand from lockdown dries up over the coming months, conditions will soon cool. We expect house price growth to stagnate next year... 10th September 2020 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Aug.) House price growth in August exceeded expectations, surging to 5.2% y/y. But pent-up demand will soon be expended, while a weak economy, cautious lenders and the end of the stamp duty cut will weigh... 7th September 2020 · 2 mins read
US Housing Market Data Response Mortgage Applications (Aug.) Following a surge in May, mortgage applications for home purchase have since stabilised at a level around 25% higher than last year. Pent-up demand, record low mortgage rates and some evidence of... 2nd September 2020 · 2 mins read
Australia & New Zealand Data Response Australia - CoreLogic House Prices (Aug.) The housing downturn deepened further in Melbourne in August and continued in Sydney but seems to be abating elsewhere. We reiterate our forecast that house prices across the eight capital cities will... 1st September 2020 · 2 mins read
US Housing Market Update Inflation target change won’t turbocharge house prices Given interest rates are already very low, we doubt any additional stimulus introduced because of the change to the inflation target will provide a significant boost to the economy or house prices... 27th August 2020 · 3 mins read
China Chart Pack Recent stimulus has set back domestic rebalancing The consumption share of GDP had edged up in recent years, but that progress has been reversed by the COVID-19 stimulus response, which has focused on boosting investment. The consumption share should... 27th August 2020 · 11 mins read
Australia & New Zealand Chart Pack Lockdown fatigue is making restrictions less effective In Australia, the lockdown in Melbourne in July was of similar intensity to the initial lockdown in April. Even so, retail sales only fell by 2% m/m in Victoria which still left them around 2% above... 27th August 2020 · 11 mins read
Asia Chart Pack Second wave unlikely to completely derail recoveries Having been among the fastest in the world at controlling the initial outbreak, Hong Kong, Vietnam and Korea are all at different stages of a second wave of infections. With new infections in Hong... 26th August 2020 · 14 mins read
UK Housing Market Update Can planning changes boost housebuilding? Private housebuilding is constrained by the speed at which builders can sell homes at prevailing market prices, which planning changes will do little to change. As a result, the government’s proposed... 20th August 2020 · 3 mins read
US Housing Market Chart Pack Record low mortgage rates boost housing activity Mortgage rates have continued to fall, hitting a record low 3.14% at the end of July. Alongside the reopening of parts of the economy, and pent-up demand from the spring, that has helped home sales... 12th August 2020 · 8 mins read
