UK Housing Market Data Response Nationwide House Prices (Oct.) House prices saw subdued growth in October. And while in wage-adjusted terms, prices are on a gradual downward trajectory, any meaningful downward adjustment will take time. Looking ahead, we expect... 29th October 2019 · 2 mins read
UK Commercial Property Focus How prolonged will the downturn in retail rents be? In the near-term, we think that the ongoing consequences of CVAs and the large share of over-rented property will exacerbate the structural reduction in demand for retail property, causing rental... 25th October 2019 · 11 mins read
US Housing Market Data Response New Home Sales (Sep.) New home sales more-or-less held their ground in September, leaving them close to 12-year highs. Healthy levels of inventory will help sales make further progress over the next year or so but, given... 24th October 2019 · 2 mins read
UK Housing Market Outlook Limited scope for housing market recovery Regardless of what happens with Brexit in the months ahead, a revival in the owner occupier housing market is unlikely. Even if a Brexit deal is agreed soon, we expect to see only a small improvement... 24th October 2019 · 29 mins read
UK Housing Market Data Response UK Finance Mortgage Lending (Sep.) Mortgage approvals among the high street banks slipped in September. And while annual growth on the UK Finance measure has stayed strong, that reflects a shift in market share towards the main high... 24th October 2019 · 2 mins read
US Housing Market Data Response FHFA House Prices (Aug.) Annual house price growth on the FHFA measure resumed its downward trend in August, slowing to a five-year low of 4.6%. Lower mortgage interest rates should help price growth stabilise over the... 23rd October 2019 · 2 mins read
India Chart Pack Government bond yields likely to rise Local bond yields have dropped over the past few months as the Reserve Bank has continued easing monetary policy, but we think they will start rising again before long. Fiscal policy has been loosened... 23rd October 2019 · 9 mins read
US Housing Market Update Could house price growth accelerate? Some leading indicators of house price growth, such as the size of mortgage approvals and months’ supply of new homes on the market, are pointing to an acceleration in growth to around 5% y/y by the... 22nd October 2019 · 3 mins read
US Housing Market Data Response Existing Home Sales (Sep.) Following two months of gains, existing home sales dropped back in September. Given mortgage applications for home purchase have been more-or-less flat over the past few months, that decline in... 22nd October 2019 · 2 mins read
China Economics Update Construction strength offset by industry weakness The detailed breakdown of China’s Q3 GDP data released today shows that a slowdown in industry overshadowed strength in the construction sector. The headwinds to the construction sector should only... 21st October 2019 · 3 mins read
Canada Data Response Teranet House Prices (Sep.) House price inflation edged up to a four-month high of 0.7% y/y in September, from 0.6%, and the strength of the recent rebound in sales points to a further rally, which should extend into the first... 18th October 2019 · 2 mins read
China Economics Weekly Property financing slows, pig stock steadies, FDI stalls There are no signs that policy tightening on the property sector is abating, with data published this week showing a further rise in mortgage rates and a continued slowdown in lending to the sector... 18th October 2019 · 5 mins read
China Data Response GDP (Q3), Activity & Spending (Sep.) An uptick in activity in September didn’t avert a slowdown last quarter. And policy support is unlikely to prevent cooling external demand and slowing construction from resulting in more weakness... 18th October 2019 · 2 mins read
US Housing Market Data Response Housing Starts (Sep.) Strong new home sales have helped boost homebuilder confidence to a 20-month high, and single-family building permits and starts both recorded a small rise in September. The lack of existing home... 17th October 2019 · 2 mins read
UK Housing Market Data Response Bank of England Credit Conditions Survey (Q3) A weaker economic outlook and stronger risk aversion among lenders led banks to tighten credit availability in Q3. What’s more, lending to commercial property was also reined in. 17th October 2019 · 3 mins read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q3) A weaker economic outlook and stronger risk aversion among lenders led banks to tighten credit availability in Q3. What’s more, lending to commercial property was also reined in. 17th October 2019 · 3 mins read
