Australia & New Zealand Data Response Australia ABS House Prices (Q1) The first quarter of this year will probably go down in history as the point at which house price inflation peaked. Policymakers have engineered the slowdown that appears to be underway, but there’s... 20th June 2017 · 1 min read
US Housing Market Data Response Housing Starts (May) Housing starts once again surprised on the downside in May, contracting for the third month in a row. The multifamily sector is primarily responsible for the decline, but single-family starts have... 16th June 2017 · 1 min read
UK Housing Market Update Have buy-to-let curbs supported owner occupiers? There is little evidence as yet that buy-to-let curbs have boosted mortgage lending to owner occupiers. While first-time buyer numbers do seem to have grown, that appears to have been driven by other... 15th June 2017 · 1 min read
US Housing Market Update Rise in selling sentiment won’t cure low inventory levels The share of households seeing now as a good time to sell has exceeded the share seeing now as a good to buy for the first time since records began in 2010. But, past rises in selling sentiment have... 14th June 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (May) Despite a further slowdown in Vancouver, the national rate of annual house price inflation rose to 13.9% in May, from 13.4%, reflecting an acceleration in Toronto. But the big slump in home sales and... 14th June 2017 · 1 min read
Canada Chart Pack Housing market poised for correction Toronto’s housing real estate boom is turning to bust. After reaching a record high last quarter, seasonally adjusted home sales have plummeted by 30% so far this quarter, while new listings activity... 13th June 2017 · 1 min read
UK Housing Market Data Response UK House Price Index (Apr.) and MLAR statistics (Q1) House price growth accelerated in March. But Bank of England data suggests that both LTVs and LTIs have been falling. Combined with falling buyer enquiries, that suggests price growth will cool again... 13th June 2017 · 1 min read
Japan Chart Pack Consumer revival underway The recovery in Japan’s economy since early last year has mostly been driven by a surge in exports, but Japanese consumers also seem to be joining the party. Consumer spending is on track for another... 13th June 2017 · 1 min read
UK Housing Market Focus How would the housing market fare without Help to Buy? The Help to Buy equity loan scheme has undoubtedly played a role in boosting mortgage approvals and the supply of new homes. Yet it is easy to overstate its importance and to understate the role of... 7th June 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (May.) Mortgage applications jumped by 7% in the week ending 2nd of June. Despite a fall in mortgage rates, that rise was driven not by remortaging, but by applications for home purchase, which were last... 7th June 2017 · 1 min read
UK Housing Market Data Response Halifax House Prices (May.) House prices rose a little in May, ending a four-month streak of flat or falling prices. But subdued buyer demand suggests that they will rise only a touch over the remainder of 2017. 7th June 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Apr.) After seasonal-adjustment, CoreLogic reported that house price gains stabilised at a robust 0.8% m/m in April. A lack of homes for sale is acting to dissuade some buyers from entering the market... 6th June 2017 · 1 min read
Australia & New Zealand Economics Weekly Don’t panic about housing…at least not yet Most of the recent gloomy headlines on Australia’s housing market are simply because people are mistaking the normal soft patch after the Easter school holidays for something more worrying. When you... 2nd June 2017 · 1 min read
US Housing Market Focus Why has rental growth slowed? The recent slowdown in rental growth does not reflect an easing in tenant demand but rather seems to reflect a surge in the number of new multifamily developments being brought to market. As... 1st June 2017 · 1 min read
UK Housing Market Data Response Nationwide House Prices (May.) House prices have now fallen for three months in a row. But in the context of the the strong price gains seen in recent years, there is little cause for concern. 1st June 2017 · 1 min read
UK Housing Market Data Response Mortgage Lending (Apr.) Mortgage lending fell for a third consecutive month in April. But with Q1’s sluggish GDP growth unlikely to be repeated, unemployment very low, and mortgage rates looking attractive, we expect... 31st May 2017 · 1 min read
