UK Housing Market Data Response Mortgage Lending (Mar.) Mortgage approvals for house purchase fell in March, weighed down by high house prices and subdued buyer enquiries. Yet with the economic backdrop still supportive, lending should gradually recover... 4th May 2017 · 1 min read
UK Housing Market Update Will materials costs hit housebuilding? A weak pound has driven materials price inflation for housebuilders to a six-year high. All else equal, rising materials costs will dent builder margins, but they are unlikely to prevent further gains... 3rd May 2017 · 1 min read
Canada Economics Update Home Capital Group won’t trigger housing bust The financial difficulties at alternative mortgage lender Home Capital Group (HCG) don’t necessarily mark the end of the housing boom, since it is too small to matter. But with signs that the housing... 2nd May 2017 · 1 min read
US Housing Market Focus Tax reform likely to give housing market a boost President Trump’s plan to raise the standard deduction would make the mortgage interest deduction less valuable, which has raised some concerns in the housing industry. But, if anything, with... 2nd May 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Mar.) The March CoreLogic house price index offered no evidence of a let-up in house price growth. After seasonal-adjustment, the 0.9% m/m gain was the same as that seen in February. That pushed the annual... 2nd May 2017 · 1 min read
Australia & New Zealand Chart Pack The inflation worm has turned The recent rises in underlying inflation suggest that the period of extremely low inflation in both Australia and New Zealand has come to an end. Underlying inflation, which excludes the temporary... 1st May 2017 · 1 min read
US Housing Market Update Explaining the divergence between pending and existing sales The gap that has developed between pending and existing home sales looks to be one more consequence of very low inventory levels. With such limited choice, buyers are increasingly reluctant to pull... 28th April 2017 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Apr.) & BBA Mortgage Lending (Mar.) Mortgage approvals for house purchase fell in March and that subdued demand was, in turn, reflected by a modest dip in house prices in April. The main reason for this slowdown is high house prices... 28th April 2017 · 1 min read
US Housing Market Data Response Homeownership & Vacancy Rates (Q1) The homeownership rate edged up in the first quarter of 2017, but a recovery has been held back by the low number of homes available to buy. In turn, the shortage of existing homes is, in part, down... 27th April 2017 · 1 min read
UK Housing Market Update Why are new buyer enquiries so subdued? The subdued level of new buyer enquiries could be seen as further evidence of the headwinds facing households this year. But we think it is best viewed as a sign that recent distortions have worked... 26th April 2017 · 1 min read
US Housing Market Data Response Case-Shiller Prices / New Home Sales (Feb./Mar.) The pace of house price gains slowed in February according to Case-Shiller, with the smallest month-on-month rise since July last year. But a strong rise in new home sales in March has pushed down... 25th April 2017 · 1 min read
India Chart Pack Sensex rises to record highs Indian equities have rallied over the past few months, with the benchmark Sensex stock index hitting an all-time high in early April. This reflects in part a broader pick-up across most major EM... 25th April 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (Mar.) Existing home sales delivered an upside surprise in March, reaching their highest level in almost a decade. Yet that rise needs to be seen in the context of the previous month’s sharp drop and sales... 21st April 2017 · 1 min read
US Housing Market Update Has the shift to single-family starts stalled? Following a dip towards the end of last year, the share of multifamily starts has recovered and builders have become more optimistic towards the sector. Our expectation for a shift toward single... 20th April 2017 · 1 min read
UK Housing Market Update Housing supply boosted by change of use Net additions to the dwelling stock reached an eight-year high in 2016. Traditional completions still dominate, but changes to the permitted development rules in 2013 seem increasingly to be bearing... 20th April 2017 · 1 min read
US Housing Market Data Response Housing Starts (Mar.) Although larger than expected, the 6.8% m/m drop in starts in March was not significant given the instability of the monthly data. Looking ahead, high home-builder confidence and a chronic shortage of... 18th April 2017 · 1 min read
