US Housing Market Data Response Mortgage Applications (May) A 2.7% m/m drop in mortgage applications for home purchase left this measure of active housing demand unchanged compared to this time last year. A rise in mortgage interest rates, to a seven-year high... 6th June 2018 · 1 min read
Australia & New Zealand Data Response Australia CoreLogic House Prices (May) House prices fell at a faster rate in May and the recent slump in the number of properties sold relative to the number listed suggests that prices may soon be falling by about 5% a year. And that’s... 1st June 2018 · 1 min read
UK Housing Market Data Response Mortgage Lending and Nationwide House Prices Mortgage approvals for house purchase weakened again in April, while house prices edged down in May. But with real incomes growing once more and Q1’s weak GDP growth unlikely to be repeated, activity... 31st May 2018 · 1 min read
US Housing Market Update Are rising house price expectations a concern? House price expectations have risen to an eight-year high on some measures, which raises the risk of a dangerous upward spiral in price growth developing. However, tight mortgage lending standards... 30th May 2018 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Mar.) March’s strong gain in the Case-Shiller national house price index appears consistent with some recent evidence that house price expectations have begun to rise. But it is harder to reconcile with the... 29th May 2018 · 1 min read
UK Housing Market Update Hard evidence of a landlord sell-off Landlords are trimming their portfolios, reducing the number of privately rented homes in the dwelling stock for the first time in 18 years. For now, there are few signs that these additional sellers... 25th May 2018 · 1 min read
Australia & New Zealand Chart Pack Royal Commission presents a risk to growth While there is still a lot of uncertainty, it seems likely that the Royal Commission into misconduct in the financial sector will lead to a tightening in credit conditions in Australia. A notable... 24th May 2018 · 1 min read
US Housing Market Data Response New Home Sales (Apr.) New home sales declined by 1.5% m/m in April, and downward revisions to the previous three months’ readings show that sales have struggled to gain traction so far this year. But, with the inventory of... 23rd May 2018 · 1 min read
UK Housing Market Data Response UK House Price Index (Mar.) UK house prices are still growing, albeit at a subdued pace. But prices in London are falling, while rental growth there has also paused. Looking ahead, we expect price growth across the country to... 23rd May 2018 · 1 min read
India Chart Pack BJP still in strong position despite Karnataka setback The BJP’s failure to form a coalition despite winning by far the most seats in the Karnataka state election is a setback for the ruling national party, with the main opposition Congress and the local... 23rd May 2018 · 1 min read
Australia & New Zealand Economics Weekly Where to look for tighter credit conditions Credit conditions in Australia will surely tighten further as a result of the Royal Commission investigation into misconduct in the financial sector, but there is a huge amount of uncertainty about... 18th May 2018 · 1 min read
US Housing Market Data Response Housing Starts (Apr.) As expected, a reversal of the surge in multifamily starts seen in March contributed to a 3.7% m/m drop in total housing starts in April. More of a concern is the lack of a sustained recovery in... 16th May 2018 · 1 min read
UK Housing Market Data Response UK Finance Lending Trends Q1’s weakness in mortgage advances was driven primarily by the buy-to-let sector. With changes to mortgage interest tax relief and rising interest rates set to erode landlords’ returns, the prospect... 16th May 2018 · 1 min read
China Data Response Activity & Spending (Apr.) Industrial activity was buoyed last month by the easing of pollution controls. But there are signs in the rest of today’s data that the broader economy is losing momentum. 15th May 2018 · 1 min read
Canada Data Response Teranet house Prices (Apr.) The national rate of house price inflation dropped to a two-and-a-half year low of 5.6% in April, from 6.6%, and the recent slide in home sales points to a further moderation over the remainder of... 14th May 2018 · 1 min read
US Housing Market Update Are Western city house prices overheating? Strong house price gains in Western cities such as Seattle, San Francisco and Denver have pushed prices significantly above their previous highs seen just prior to the crash of the mid-2000s. However... 11th May 2018 · 1 min read
