US Housing Market Chart Pack US Housing Market Chart Pack (Aug. 2025) The struggling housing market is unlikely to benefit from the Fed rate cuts we have built into our outlook (four 25bp cuts through mid-2026). These cuts are already been priced in by markets, while... 27th August 2025 · 1 min read
Middle East & North Africa Economics Update Saudi Vision 2030: where do things stand with five years to go? Saudi Arabia’s Vision 2030 reform programme passed the halfway mark last year and we published an in-depth Focus evaluating the progress so far. This Update takes a fresh look at how close the... 27th August 2025 · 5 mins read
Australia & New Zealand Chart Pack ANZ Chart Pack (Aug. 2025) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. We believe monetary easing has further to run in the Antipodes. The case for policy stimulus is clear... 27th August 2025 · 1 min read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Jun. 2025) Although we expect house prices to regain some momentum in the third quarter, the fourth consecutive monthly decline in June suggests that risks to our forecast of a 1% increase this year are clearly... 26th August 2025 · 2 mins read
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q3 2025) All-property capital values rose modestly by 0.1% in Q2, suggesting a market floor, with cap rates falling by 5 bps. However, we expect values to see limited upside due to the narrow spread to risk... 22nd August 2025 · 1 min read
UK Commercial Property Outlook UK Commercial Property Outlook: Property recovery faces numerous headwinds UK commercial property rental growth continues to surprise on the upside, but the capital value recovery is already running out of steam. Looking ahead, weak economic growth, a narrow spread between... 22nd August 2025 · 26 mins read
US Housing Market Rapid Response US Existing Home Sales (Jul. 2025) Despite a small uptick in July, home sales have held in a narrow 3.9-4.1 million annualised range since mid-2023, a historically weak level that highlights the lack of momentum in the struggling... 21st August 2025 · 2 mins read
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
