UK Economics Weekly A solid end to 2017 Recent evidence suggests that high-street spending has provided decent support to GDP growth in Q4. Admittedly, a weaker performance off the high street suggests that overall quarterly consumer... 5th January 2018 · 1 min read
UK Housing Market Data Response Mortgage Lending and Nationwide House Prices While mortgage approvals edged up in November, lending nonetheless remains weaker than a year ago. Meanwhile, house price growth stayed sluggish in December – at a level that is in line with our... 4th January 2018 · 1 min read
Nordic & Swiss Economics Update Twenty-fourth time lucky for the Riksbank? After bringing its net asset purchases to a close last month, the Riksbank reiterated that it expects to raise interest rates in September this year. The Bank’s track record suggests that this... 4th January 2018 · 1 min read
US Housing Market Data Response Mortgage Applications (Dec.) Mortgage applications for home purchase were flat in December, and have made no upward progress for two years. While there have been signs of life in the home sales data in recent months, the absence... 3rd January 2018 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Nov.) House prices continued to rise steadily in November, in both monthly and annual terms. That seems consistent with the exceptionally low levels of inventory, as well as the continued strength of the... 2nd January 2018 · 1 min read
US Housing Market Outlook Housing starts and home sales show signs of life Housing activity is finally showing some signs of life. New home sales and single-family housing starts have both reached 10-year highs, as builders have started to respond to very tight market... 22nd December 2017 · 1 min read
UK Housing Market Chart Pack London Housing Chart Book: London market stuck in neutral London’s housing market is stuck in neutral, as high prices and tumbling house price expectations drive buyers away from the market. Looking ahead, with those buyers who are still active already at... 21st December 2017 · 1 min read
Australia & New Zealand Economics Weekly The risks to our 2018 forecasts Our money is on the Australian economy growing by 2.5% next year rather than 3.0%, which would mean growth is weaker than most expect and interest rates are likely to stay at 1.5%. If things are worse... 21st December 2017 · 1 min read
Australia & New Zealand Data Response New Zealand GDP (Q3) The good news is that the economy grew much faster in 2015 and 2016 than we all previously thought. The bad news is this makes the recent slowdown look a bit sharper and casts further doubt on the... 20th December 2017 · 1 min read
Australia & New Zealand Chart Pack Households will continue to struggle After slowing sharply in the third quarter, there have been some encouraging signs in recent weeks about the prospects for real consumption growth in Australia in the fourth quarter. In particular... 20th December 2017 · 1 min read
US Housing Market Data Response Housing Starts (Nov.) Housing starts rose for the second month in a row in November, with a 3.3% m/m gain pushing them to their highest level since October 2016. Encouragingly, it was the single-family sector which drove... 19th December 2017 · 1 min read
UK Housing Market Data Response Housebuilding (Q3) Housing starts dropped for the second consecutive quarter in Q3 2017, suggesting that the weakness of the wider market may be starting to take its toll on the housebuilding recovery. 19th December 2017 · 1 min read
India Chart Pack State election victories strengthen BJP’s hand The state election victories for Prime Minister Modi’s BJP in both Gujarat and Himachal Pradesh ensure that the ruling party remains firmly on track to secure a majority in the Rajya Sabha (upper... 19th December 2017 · 1 min read
US Housing Market Focus Buying still better than renting in the long run Based on the current tax environment, our forecasts for house prices and rents show that buying a median-priced home is better than renting one for any holding period of six years or longer. By making... 14th December 2017 · 1 min read
UK Housing Market Update Will average mortgage length continue to rise? Slowing house price growth should reduce the upward pressure on average mortgage duration. Yet looking ahead, the share of borrowers taking out longer loans may nonetheless grow, thanks to the... 13th December 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Nov.) The third consecutive monthly decline in the composite house price index in November led to a further slowdown in the rate of annual house price inflation to 10.0%, from 11.4%. The recent slump in... 13th December 2017 · 1 min read
