US Housing Market Data Response Case-Shiller House Prices (Mar.) Disappointing activity data of late has not prevented headline rates of house price inflation from picking up again in the year to March. We expect house price inflation edge up further in the second... 30th May 2017 · 1 min read
Europe Economics Update Is the recovery in construction built on strong foundations? Euro-zone construction sentiment is now back above pre-crisis norms. And with low borrowing costs set to continue supporting property prices and activity, prospects for the sector are the best in... 25th May 2017 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Apr.) and Housebuilding (Q1) While mortgage lending has softened in recent months, housebuilders have fared better, increasing the rate of construction in Q1 – a trend we expect to continue. And, with the first quarter’s economic... 25th May 2017 · 1 min read
Australia & New Zealand Chart Pack Household sector is starting to falter There is growing evidence that the household sector in Australia is beginning to struggle as subdued income growth weighs on spending. The sharp slowdown in the growth of retail sales volumes in the... 24th May 2017 · 1 min read
UK Housing Market Chart Pack London Housing Chart Book - Bumping Along House price growth in London has slowed sharply while transactions are falling. Both developments are being driven by the very high level of prices. With buyer interest more or less stagnant and house... 23rd May 2017 · 1 min read
India Chart Pack Another obstacle cleared on road to GST The consensus reached between India’s national and state governments on how different products will be dealt with under the Goods and Services Tax (GST) marks another important step towards its... 23rd May 2017 · 1 min read
UK Housing Market Update Why this house price slowdown will persist We don’t expect a resurgence in house price growth anytime soon. In London and the south, the forces that drove post-crisis house price growth have petered out. And underlying demand and supply... 18th May 2017 · 1 min read
UK Housing Market Data Response CML Lending Trends (Q1 2017) Growth in house purchase mortgage advances is stuck in low gear, as high prices weigh on demand and BTL lending remains sluggish. Barring a major relaxation in lending terms, which is unlikely, we... 17th May 2017 · 1 min read
UK Housing Market Data Response UK House Price Index (Mar.) House prices fell in March, as annual house price growth London and its surrounding regions slowed particularly sharply. That said, with demand rising gently and prime prices recovering, it is too... 16th May 2017 · 1 min read
China Data Response Activity & Spending (Apr.) The activity and spending data for April all came in below consensus, continuing the recent trend of disappointing Chinese data. Softer foreign demand and domestic consumption were the immediate... 15th May 2017 · 1 min read
UK Economics Weekly Is the housing market heading for a major downturn? This week’s news brought further signs that the housing market is cooling and could suggest that we are on the cusp of a house price slump. But we doubt that the various indications of softness... 12th May 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Apr.) Despite a record high in Toronto, the national rate of annual house price inflation edged down to 13.4% in April, from 13.5%, reflecting the rapid slowdown in Vancouver and falling house prices in... 12th May 2017 · 1 min read
US Housing Market Update Does slowing rental growth pose a risk for house prices? Affordability constraints have weighed on rental growth in recent months which, in theory, could lead to slower house price gains. However, the large number of variables which influence house prices... 11th May 2017 · 1 min read
US Housing Market Chart Pack Homes selling fast as inventory shortage worsens The inventory of homes for sale continues to decline. The months’ supply of existing single-family homes dropped to just 3.9 in March, the lowest reading since records began in 1982. The lack of homes... 9th May 2017 · 1 min read
UK Housing Market Data Response Halifax House Prices (Apr.) House prices fell a touch in April – meaning that prices have now failed to rise for four months running. However, with both the economic backdrop and future price expectations still solid, a house... 8th May 2017 · 1 min read
Canada Economics Weekly Housing boom turning to bust Average home sale price data contain far more timely market information about potential turns in the housing cycle than the aggregate house price indices that are more closely watched. That said, all... 5th May 2017 · 1 min read
