UK Housing Market Data Response UK Finance Mortgage Lending (Aug.) Mortgage approvals for house purchase edged down in August, leaving lending at the bottom end of the range that has been seen over the last few years. With interest rates rising and no sign of a... 26th September 2018 · 1 min read
Australia & New Zealand Chart Pack A good year for growth The surprising strength of economic growth in the second quarter has led us to revise up our forecasts for GDP growth in the 2018 calendar year from 2.5% to 3.2% for Australia and from 2.5% to 2.7%... 26th September 2018 · 1 min read
US Housing Market Data Response Case-Shiller / FHFA House Prices (Jul.) The FHFA and Case-Shiller both reported a small rise in house prices of 0.2% m/m in July. That continues the run of weaker house price gains seen since the spring. Higher mortgage interest rates are... 25th September 2018 · 1 min read
UK Housing Market Chart Pack London Housing Chart Book: London’s downturn set to persist In line with our expectations, housing transactions in London are falling, while house prices are on a gradual downward trajectory. Even so, house prices are still very high and with interest rates on... 25th September 2018 · 1 min read
UK Housing Market Focus Will the slowdown in rental growth persist? Slowing rental growth has been driven by cooling tenant demand growth. And in the near term, there are few signs of an imminent revival in rents. But with the supply and demand balance more likely to... 21st September 2018 · 1 min read
US Housing Market Data Response Existing Home Sales (Aug.) The downward trend in existing homes sales seen since April came to a halt in August, with sales unchanged over the month. But that still left sales at 2½-year lows. With interest rates set to rise... 20th September 2018 · 1 min read
US Housing Market Data Response Housing Starts (Aug.) The headline 9.2% m/m rise in housing starts in August hides an otherwise disappointing report. The jump in starts was driven by the volatile multifamily sector, with single-family construction seeing... 19th September 2018 · 1 min read
UK Housing Market Data Response UK House Price Index (Jul.) According to the UK House Price Index, house price inflation slowed in July, bringing it further in line with the other main measures. And looking ahead, we expect house price growth to continue to... 19th September 2018 · 1 min read
China Chart Pack Trade war set to escalate The US appears to be on the verge of expanding its tariffs to cover a total of $250bn of Chinese goods, the production of which generates 1.3% of China’s GDP. The proposed $200bn tariff list includes... 17th September 2018 · 1 min read
Canada Economics Weekly NAFTA talks drag on; housing remains vulnerable The NAFTA negotiations between Canada and the US rumbled on this week, with few signs of a breakthrough during what Foreign Affairs Minister Chrystia Freeland described as a “continuous negotiation”... 14th September 2018 · 1 min read
China Data Response Activity & Spending (Aug.) Today’s activity and spending data are a mixed bag. On balance though, they do little to change our view that momentum is weakening and that policy easing won’t put a floor beneath growth for some... 14th September 2018 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Aug.) With RICS survey pointing to falling activity across the board, the housing market’s mid-year respite ended in August. Indeed, leading indicators point to flat or falling mortgage approvals to the end... 13th September 2018 · 1 min read
Middle East & North Africa Economics Update How is Dubai’s economy performing? Economic growth in Dubai appears to have been broadly stable this year despite signs of weakness in the real estate and tourism sectors. The recent fiscal stimulus package and a step-up in... 12th September 2018 · 1 min read
Canada Data Response Teranet House Prices (Aug.) & Cap. Utilisation (Q2) After dropping to a nine-year low in August, house price inflation looks set to rebound in the coming months, but we doubt that turnaround will be sustained. Meanwhile, lower-than-expected capacity... 12th September 2018 · 1 min read
UK Housing Market Data Response Halifax House Prices (Aug.) The Halifax index recorded faster house price inflation in August, but that result is an outlier compared to the other main indices. And looking ahead, with interest rates normalising gradually and no... 7th September 2018 · 1 min read
UK Housing Market Chart Pack Housing market activity stays flat New buyer enquiries, new sales instructions and newly agreed sales all held steady over the month. As a result, there are few reasons to expect a pick-up in either mortgage approvals or transactions... 6th September 2018 · 1 min read
