US Housing Market Chart Pack Buyers rush in to beat rising mortgage interest rates The rise in mortgage interest rates has had contrasting impacts on refinancing and home purchase mortgage applications. While refinancing applications dropped close to a 10-year low, home purchase... 8th May 2018 · 1 min read
UK Housing Market Data Response Halifax House Prices (Apr.) According to the Halifax index, house prices fell sharply in April, more than reversing March’s gain. And with buyer demand and housing market activity falling, we expect house price inflation to edge... 8th May 2018 · 1 min read
UK Housing Market Focus Will central London bear the brunt of any price falls? The shortage of willing buyers is most evident at the top end of London’s housing market. So in 2018, we expect house price falls to be concentrated in the more expensive central London boroughs. In... 4th May 2018 · 1 min read
US Housing Market Data Response Mortgage Applications (Apr.) The rise in mortgage rates to a seven-year high of 4.8% over April has had contrasting impacts on refinancing and home purchase applications. Refinancing applications fell, approaching a 10-year low... 2nd May 2018 · 1 min read
US Housing Market Update Drop in rental households not a risk for rental growth The number of households in the rental sector has seen year-on-year declines in each of the last four quarters. But an equivalent supply response, with some homes shifting to the homeowner sector and... 1st May 2018 · 1 min read
UK Housing Market Data Response Mortgage Lending (Mar.) House purchase mortgage approvals fell again in March. And there are few reasons to expect a meaningful recovery in mortgage activity over the remainder of the year. 1st May 2018 · 1 min read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Apr.) House price inflation fell below zero in April for the first time since 2012 and with demand probably only going to be more constrained by lending conditions, we suspect that it will fall further into... 1st May 2018 · 1 min read
Australia & New Zealand Economic Outlook Struggling to reach potential A weakening housing market and the high level of household debt will probably prevent GDP growth in Australia from accelerating above 2.5% in the coming years, while the end of the migration boom may... 30th April 2018 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Apr.) UK house price inflation edged up in April. But with buyer demand falling and house prices very high, there is little prospect of a sustained acceleration in house price growth. Indeed, with London... 27th April 2018 · 1 min read
Australia & New Zealand Economics Weekly APRA, the Royal Commission and housing We suspect that a tightening in lending standards as a result of the Royal Commission into banking misconduct will more than offset any further relaxation in APRA’s lending restrictions to leave... 27th April 2018 · 1 min read
UK Housing Market Data Response UK Finance Mortgage Lending (Mar.) Mortgage lending fell in March, extending February’s drop in activity. With house prices very high and interest rates now rising, there are few reasons to expect a meaningful recovery in lending this... 26th April 2018 · 1 min read
India Chart Pack Economy gathering momentum Indian GDP growth hit a five-quarter high in Q4 2017, and various indicators suggest that the economy strengthened further in the first quarter of 2018. Industrial production growth last quarter may... 24th April 2018 · 1 min read
Canada Economics Update Bank of Canada moving to side lines The Bank of Canada left its key policy rate unchanged at 1.25% at today's Governing Council meeting and, although the markets still anticipate a further 25bp rate hike later this year, we think the... 18th April 2018 · 1 min read
China Economics Update Services slowdown led by finance, transport and retail The detailed breakdown of China’s Q1 GDP data released today suggests that although the IT sector has continued to boom, activity in the rest of the service sector has softened recently, offsetting a... 18th April 2018 · 1 min read
Japan Chart Pack Tight labour market finally boosting pay Revised data show that regular earnings expanded at the fastest pace in two decades at the start of this year, underlining that the tight labour market is finally generating stronger cost pressures... 11th April 2018 · 1 min read
Australia & New Zealand Economics Focus What next for house prices? The recent fall in the demand for housing relative to the supply is consistent with house prices continuing to decline in the coming months. While prices may only edge lower this year and next, higher... 10th April 2018 · 1 min read
