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
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
