UK Housing Market Update Housing weakness not over yet Although the housing market wasn’t quite as weak in August as in recent months, the risk is that a further rebound in mortgage rates and/or speculation of tax rises ahead of the Budget dampens demand... 10th September 2026 · 3 mins read
Australia & New Zealand Economics Update NZ Labour’s tax plan risks delaying housing rebound Opinion polls suggest that New Zealand’s Labour party has a path back to power in November’s general election. Labour’s plan to introduce a capital gains tax on residential investment property risks... 8th September 2026 · 4 mins read
UK Housing Market Rapid Response UK Lloyd’s House Prices (Aug. 2026) The surprise 0.2% m/m drop in house prices in August on the Lloyds measure (consensus and CE +0.1% m/m) raises the risk that prices rise more slowly in response to high mortgage rates and uncertainty... 7th September 2026 · 2 mins read
UK Commercial Property Rapid Response S&P Global/CIPS UK Construction PMI (August 26) The headline construction PMI nudged slightly lower in August following its strong bounce in July. At 44.3 it remains deep in contractionary territory, where it has languished since December 2024. 4th September 2026 · 1 min read
US Commercial Property Apartment Metros Outlook San Jose edges Houston for top spot in our rankings Apartment markets have started to fare slightly better this year as inventory growth has eased, and we expect this trend to continue. We expect absorption to outpace new supply by a wide margin in... 2nd September 2026 · 6 mins read
UK Economics Rapid Response UK Money & Lending (Jul. 2026) July’s money and lending figures show that the near-term outlook for the housing market is weak, households may have funded some of their spending in July by lowering their saving rate and borrowing... 1st September 2026 · 3 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (Aug. 2026) The small rise in the Nationwide measure of house prices in August underlines the continued drag on buyers’ appetite from the previous rise in mortgage rates. Uncertainty over possible tax rises in... 1st September 2026 · 2 mins read
China Economics Update Presales overhaul won’t revive the housing market The recent overhaul of China’s housing presales system belatedly addresses some of the vulnerabilities that contributed to the country’s property downturn. But the changes only apply to new projects... 1st September 2026 · 5 mins read
Australia & New Zealand Economics Update Housing-market outlook hinges on the RBA Australian house prices continued to fall at a rapid pace in August. While we expect the pace of monthly declines to ease more noticeably in the months ahead, risks to this view have increased. If the... 1st September 2026 · 3 mins read
UK Housing Market Update Using public land won’t solve Burnham’s homebuilding problems Based on the government’s current assessment of public land that is deemed vacant, we think there is only enough space to build up to 19,000 council homes in total. This would do little to meet... 27th August 2026 · 3 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Jun. 2026) Even though the 0.2% m/m rise in house prices in June was stronger than we expected, we remain reasonably confident that prices will lose momentum heading into the third quarter as the backward... 25th August 2026 · 2 mins read
Australia & New Zealand Economics Update Impact of housing tax changes still difficult to detect While there’s a risk that the tax changes announced in the Budget will result in a more pronounced downturn, for now we’re comfortable with our forecast of a 6% peak-to-trough fall in house prices. 19th August 2026 · 3 mins read
US Housing Market Update US Pending Home Sales & Mortgage Apps. (Jul. 2026) The renewed rise in mortgage rates in July squeezed would-be home buyers’ budgets, causing pending home sales and purchase mortgage applications both to fall. This points to further downward pressure... 18th August 2026 · 2 mins read
Canada Economics Update Housing Watch (Aug. 2026) The latest data provide a bit more reassurance that the housing market is past the worst, but the renewed rise in five-year bond yields suggests that higher mortgage rates will soon temper the... 18th August 2026 · 3 mins read
US Housing Market Rapid Response US Housing Starts (Jul. 2026) Sharp declines in both single- and multi-family starts in July suggest developers were wary of starting new projects amid the renewed rise in mortgage rates. But stronger permit issuance across both... 18th August 2026 · 2 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Aug. 2026) We expect the recent softening in house price growth to continue over the rest of this year as mortgage rates fall only gradually. In fact, the lack of a sustained recovery in buyer sentiment suggests... 18th August 2026 · 1 min read
