Australia & New Zealand Economics Update

Australia in store for a tepid housing rebound

Australian house prices edged up a notch in May, and leading indicators suggest they will gather further momentum over the coming months. However, with debt-servicing costs set to remain onerous...

2nd June 2025 · 3 mins read

UK Housing Market Update

Softening in UK housing market will only be temporary

Leading indicators suggest most of the recent weakness in housing demand and prices is due to the temporary influence of the change in stamp duty rather than any longer-lasting influence of the softer...

29th May 2025 · 3 mins read

Australia & New Zealand Chart Pack

ANZ Chart Pack (May 2025)

Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. Although continued trade tensions have heightened economic uncertainty, they have had only a modest...

29th May 2025 · 1 min read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (May 2025)

We suspect most of the recent weakness in housing demand and prices is due to the temporary influence of the rise in stamp duty on 1st April rather than any longer-lasting influence from the softer...

29th May 2025 · 1 min read

US Housing Market Rapid Response

US New Home Sales (Apr. 2025)

Despite various headwinds and weakness elsewhere in the housing market, new home sales grew strongly in April. We do not expect that this strength will be maintained throughout the year, though, as...

23rd May 2025 · 2 mins read

US Housing Market Rapid Response

US Existing Home Sales (Apr. 2025)

The further decline in existing home sales in April suggests that elevated mortgage rates and economic uncertainty are keeping buyers on the sidelines. Things could go from bad to worse over the next...

22nd May 2025 · 2 mins read

Australia & New Zealand Economics Update

Rate cuts won’t result in faster house price growth

With housing affordability still extremely stretched, we expect house price growth to remain muted even as mortgage rates are set to fall further. However, there’s more scope for dwellings prices to...

22nd May 2025 · 3 mins read

US Housing Market Outlook

US Housing Outlook: Market in need of rate relief that is not coming

President Trump’s inflationary trade and immigration policies leave no clear path to the lower borrowing costs that the housing market desperately needs. A tariff-driven resurgence in inflation will...

2nd May 2025 · 15 mins read

UK Economics Weekly

UK Weekly: Housing market adds to the downside risks to activity

We suspect that the recent slowdown in house prices this year is temporary. But while it is not our base case, a weaker housing market for longer would add to the downside risks to our already below...

2nd May 2025 · 4 mins read

UK Housing Market Outlook

UK Housing Outlook: Housing relatively well insulated from Trump tariffs

While the more uncertain global backdrop due to the new US tariffs regime means we have become more confident in our below-consensus UK GDP forecast, the prospect of falling mortgage rates suggests UK...

1st May 2025 · 17 mins read

Australia & New Zealand Chart Pack

ANZ Chart Pack (Apr. 2025)

Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. At first glance, Australia and New Zealand should be fairly insulated from the brunt of the US’s...

24th April 2025 · 1 min read

US Housing Market Rapid Response

US New Home Sales (Mar. 2025)

Lower mortgage rates drove a sharp rise in new home sales in March, showing that the market still has solid momentum despite inventory creeping up in the resale segment. However, with mortgage rates...

23rd April 2025 · 2 mins read

Canada Economics Update

Canada Housing Watch (Apr. 25)

The housing market took another leg down in March, with the larger decline in single-family home prices suggesting that owner-occupiers rather than investors are behind the most recent weakness...

15th April 2025 · 4 mins read

UK Housing Market Update

UK RICS Residential Market Survey (Mar. 2025)

March’s RICS survey suggests both the weak domestic economy and the headwinds from the global tariff storm continue to increase the downside risks to our 2025 forecasts for housing demand and prices...

10th April 2025 · 3 mins read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (Apr. 2025)

The easing in house price growth in both February and March suggests momentum in the housing market is waning. What’s more, as we now think the Bank of England will press pause on the interest rate...

2nd April 2025 · 1 min read