US Housing Market Update Californian inventory rises, but for the wrong reasons The rise in the number of homes for sale in California, to its highest level in a year, is not the good news it first appears. The increase is due to a drop in home sales, rather than a rise in... 29th June 2018 · 1 min read
UK Housing Market Data Response Mortgage Lending (May) May’s rise in mortgage approvals was too small to suggest that a revival in the lending market is underway. Not only was the number of mortgages approved comfortably within the range which has... 29th June 2018 · 1 min read
UK Housing Market Data Response Housebuilding (Q1) Housing starts fell in Q1, as the wider housing market slowdown caught up with the newbuild sector. Indeed, with newbuild transactions now falling, we think the housebuilding recovery has reached a... 28th June 2018 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jun.) House price inflation slowed to 2% in June – the slowest result since 2013. And with prices down by 1.9% y/y in Q2, the fall in London prices accelerated. That said, with tentative signs that activity... 27th June 2018 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Apr.) The slowdown in annual house price growth to 6.4% on the Case-Shiller measure in April is in line with earlier data from the FHFA. In addition to record low levels of inventory, active housing demand... 26th June 2018 · 1 min read
UK Housing Market Data Response UK Finance Mortgage Lending (May.) House purchase mortgage approvals rose gently in May – for a second consecutive month. But lending is still down compared to a year ago. And while the recent trend of falling mortgage market activity... 26th June 2018 · 1 min read
US Housing Market Outlook Shortage of labour and materials will thwart builders Developments in the housing market continue to be dominated by record low levels of inventory. A scarcity of labour and high lumber prices are preventing builders from responding to that shortage... 22nd June 2018 · 1 min read
US Housing Market Data Response FHFA House Prices (Apr.) The FHFA reported that house prices rose by a marginal 0.1% m/m in April, the second month in a row of small monthly gains. Even as inventory levels have stayed close to record lows, house price... 21st June 2018 · 1 min read
UK Housing Market Update Market slowdown reaches housebuilders The housing market slowdown has finally caught up with housebuilders – with both transactions and house prices in the newbuild sector feeling the pinch. As a result, we expect the current stagnation... 20th June 2018 · 1 min read
US Housing Market Data Response Housing Starts (May) Both single and multifamily housing starts rose in May, meaning total housing starts were up 20.3% compared to a year earlier, close to a two-year high. However, the building permit data show that... 19th June 2018 · 1 min read
UK Housing Market Data Response Mortgage Lenders and Administrators Statistics (Q1) Today’s detailed mortgage lending data suggest that the slowdown in net lending has been driven primarily by buy-to-let. This suggests that the sell-off among landlords has, if anything, intensified... 12th June 2018 · 1 min read
Japan Chart Pack 2% inflation target remains elusive Headline inflation has been falling recently as the impact of the short-lived spike in food prices over the winter has reversed. Energy inflation has continued to slow as utility bills are rising less... 12th June 2018 · 1 min read
US Housing Market Update Rising incomes good news for rental growth After eight years of stagnation, earnings growth finally looks set to accelerate. Household incomes have also received a boost from the tax cuts, which has helped raise rental growth expectations... 11th June 2018 · 1 min read
Canada Economic Outlook Housing slump and higher rates weighing on growth We expect economic growth to slow to 1.7% this year and only 1.3% in 2019, as the housing downturn continues to weigh on consumption and residential investment. That weakness will eventually force the... 7th June 2018 · 1 min read
UK Housing Market Chart Pack Price pressures continue to ease The decline in housing market activity slowed in April. That said, the data are some way short of pointing to a meaningful recovery in either house price growth or transactions. On balance, we expect... 7th June 2018 · 1 min read
UK Housing Market Data Response Halifax House Prices (May.) According to the Halifax index, house prices saw a fairly strong rise in May. Even so, the latest rise only partially reversed the large drop seen last month. As a result, house price inflation edged... 7th June 2018 · 1 min read
