US Housing Market Update Is rising FHA loan distress a canary in the coalmine? Rising delinquency rates among typically lower-income FHA borrowers hint at stress in riskier segments of the residential mortgage market. But since most FHA borrowers remain in decent financial shape... 20th August 2025 · 4 mins read
UK Housing Market Update Could UK property tax reforms boost the economy? The Chancellor is reportedly considering replacing stamp duty land tax and council tax with alternative property taxes in the Autumn Budget. Even if this was revenue-neutral, it could be more... 19th August 2025 · 5 mins read
US Housing Market Rapid Response US Housing Starts (July 2025) While the pick-up in housing starts in July was somewhat of a positive surprise, as we expected flooding in Texas to heavily weigh on groundbreaking, the continued loss of momentum in permit issuance... 19th August 2025 · 2 mins read
Canada Economics Update Canada Housing Watch (Aug. 2025) The fourth consecutive rise in home sales in July means that the housing market is developing close to our expectations, with prices stabilising last month. Housing starts recorded another strong... 18th August 2025 · 4 mins read
Middle East & North Africa Economics Weekly MENA Weekly: Egypt’s central bank governor race & rate cuts, Dubai’s boom The term of the incumbent Central Bank of Egypt governor, Hassan Abdalla, is due to expire next week and, while it is not yet clear if Mr. Abdalla will be kept on or a successor appointed, it will be... 14th August 2025 · 6 mins read
US Housing Market Update Labour market slowdown won’t curtail rental demand The recent slowdown in the labour market won’t stop rental demand from continuing to climb this year, given that falling labour demand and the immigration clampdown are most impacting cross-sections... 14th August 2025 · 3 mins read
UK Housing Market Update UK RICS Residential Market Survey (Jul. 2025) The still tight rental market and softening in housing activity recorded by the RICS survey in July implies that rents will continue to rise faster than house prices for another year or so. 14th August 2025 · 2 mins read
UK Housing Market Update London house prices to outperform the rest of UK Very tight supply, looser lending criteria and our forecast for further falls in mortgage rates provide scope for house prices in the capital to rise by more than elsewhere over the next few years. 13th August 2025 · 3 mins read
Canada Economics Weekly Weaker data support September rate cut The weaker housing and trade data released this week support our call for a September rate cut, a view which investors are beginning to come round to. 8th August 2025 · 5 mins read
UK Housing Market Rapid Response UK Halifax House Prices (Jul. 2025) The rise in Halifax house prices in July provides another indication that the housing market is recovering following the end of the stamp duty holiday on 31st March. But the subdued economic backdrop... 7th August 2025 · 3 mins read
US Housing Market Rapid Response US Mortgage Applications (Jul 2025) The fall in home purchase mortgage applications in July still leaves them roughly in line with where they started the year, and continuing to point to a rebound in existing home sales. While some... 6th August 2025 · 2 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS UK Construction PMI (Jul. 25) The headline CIPS construction PMI dropped back in July to 44.3, the lowest since May 2020 when COVID lockdowns impacted activity. 6th August 2025 · 1 min read
UK Housing Market Rapid Response UK Nationwide House Prices (Jul. 2025) The bigger-than-expected rebound in the Nationwide measure of house prices in July shows that the recovery in the housing market after the stamp duty-induced lull is underway. While the weak labour... 1st August 2025 · 3 mins read
Australia & New Zealand Economics Update Affordability will dampen Australia’s housing rebound Australia’s housing market gained traction in June, and leading indicators suggest the housing rebound has further to run. But with affordability set to remain extremely stretched despite the RBA’s... 1st August 2025 · 4 mins read
UK Housing Market Outlook UK Housing Outlook: House prices to beat expectations in 2026 The stuttering jobs market and the softening outlook for wage growth means we now expect house prices to rise by only 2.0% in the year to Q4 2025 (3.5% previously). But our view that Bank Rate will... 29th July 2025 · 17 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (May 2025) The second consecutive 0.3% m/m fall in house prices in May suggests that the market is still struggling to find balance under the weight of near-7% mortgages, in turn presenting a risk to our view... 29th July 2025 · 2 mins read
