India Chart Pack Services holding up better than industry Q3 GDP data due next week are likely to show a further slowdown in India’s economy, with the industrial sector the main source of weakness. However, some comfort can be taken from the fact that the... 22nd November 2019 · 9 mins read
US Housing Market Data Response Existing Home Sales (Oct.) Existing home sales saw a marginal rise in October, but the gain wasn’t enough to reverse September’s dip and sales are still below their level in 2017. With the inventory of homes for sale at 18... 21st November 2019 · 2 mins read
US Housing Market Update Builders begin slow move back to starter homes Tight supply of affordable homes, and a relatively large increase in their price, are encouraging builders back to the starter home sector. But a slowing economy and tighter credit conditions rule out... 14th November 2019 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (Oct.) Against the uncertain political backdrop and with the economy weakening, the RICS survey data point to a weak near-term outlook for the housing market. Indeed, with house prices already very high and... 14th November 2019 · 2 mins read
China Data Response Activity & Spending (Oct.) Activity and spending slowed across the board last month, more than reversing the uptick at the end of Q3. With further weakness on the horizon, we think additional policy stimulus is due before long. 14th November 2019 · 2 mins read
US Housing Market Update Supply of starter homes no better in rental market Households frustrated by the lack of affordable single-family homes for sale will find conditions are no better in the rental market, where the number of homes available for under $1,250 a month has... 12th November 2019 · 3 mins read
UK Housing Market Chart Pack Fresh dip in activity After a brief mid-year recovery, economic and political uncertainty is once again discouraging housing market activity. In all, the near term outlook for both housing sales and house prices is... 8th November 2019 · 8 mins read
UK Housing Market Data Response Halifax House Prices (Oct.) Slowing house price growth on the Halifax index brought it closer to the other main price measures. With house prices high compared to incomes and interest rates close to their floor, we don’t expect... 7th November 2019 · 2 mins read
US Housing Market Data Response Mortgage Applications (Oct.) Despite stable interest rates, demand for home purchase mortgages dropped back in October, and had reached a two-month low by the end of the month. Concerns around the economic outlook, a shortage of... 6th November 2019 · 2 mins read
US Housing Market Chart Pack Tight markets support rental growth The 30-year mortgage rate increased to an eight-week high in October, which helps explain why mortgage applications for home purchase have been trending down since mid-September. A lack of inventory... 5th November 2019 · 9 mins read
Australia & New Zealand Economics Focus What will New Zealand’s policymakers do in a crisis? Our central scenario is that cutting interest rates to 0.5% will be enough to weather the economic slowdown in 2020. And if required, fiscal policy and macroprudential tools could be used to help... 5th November 2019 · 18 mins read
Australia & New Zealand Data Response CoreLogic House Prices (Oct.) Our sales to new listings ratio suggests that house prices will continue to surge in the coming months before moderating in the new year. We expect prices to rise by 5% in 2020 and 2021. 1st November 2019 · 2 mins read
US Housing Market Update Inventory of cheaper homes has halved since 2012 The number of vacant single-family homes for sale has dropped 25% since the start of 2012. But the situation is far worse at the cheaper end of the market, where the inventory of homes priced under... 31st October 2019 · 3 mins read
Australia & New Zealand Chart Pack IMF too optimistic on Australia and New Zealand In its latest World Economic Outlook, the IMF predicted Australia’s economy to expand by 1.7% in 2019 and by 2.3% in 2020. While the 2019 forecast is consistent with our own expectations, their... 31st October 2019 · 10 mins read
China Chart Pack Corporate earnings falling short of expectations The corporate earnings season currently underway in China has been disappointing. Admittedly, the Q3 results published so far point to a slight improvement in year-on-year growth in earnings per share... 30th October 2019 · 11 mins read
UK Housing Market Data Response Mortgage Lending (Sep.) Mortgage approvals for house purchase and remortgaging rose in September, but annual growth in both were still weak. Looking ahead, the outlook is subdued. Even if a Brexit deal is agreed soon, house... 29th October 2019 · 2 mins read
