US Housing Market Rapid Response Housing Starts (Aug.) Housing starts fell sharply across both the single-family and multifamily sectors in August, suggesting that construction has now reached a turning point. We expect this downward trend to continue for... 19th September 2023 · 2 mins read
Canada Economics Update Housing Watch (Sep.) House price inflation turned positive in August, but the smaller monthly price gain combined with signs of easing demand and increasing supply show that the housing market continues to cool. 18th September 2023 · 4 mins read
US Commercial Property Update Apartment and single-family REIT divergence to persist The recent outperformance of single-family REITs versus apartment REITs appears to be down to differences in the capital value outlook for the sectors, rather than any major difference in rental... 15th September 2023 · 3 mins read
China Economics Weekly Too soon to conclude property easing has failed It’s been two weeks since Chinese regulators announced a major easing of property controls and so far there hasn’t been a meaningful turnaround in new home sales at the national level. But many cities... 15th September 2023 · 5 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Sep. 2023) Our Australia & New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. Although central banks in both Australia and New Zealand are unlikely to drop... 14th September 2023 · 1 min read
UK Housing Market Update RICS Residential Market Survey (Aug.) Depressed activity remains consistent with falling house prices. The further deterioration of the RICS survey figures in August suggest the peak in mortgage rates seen in July are continuing to dampen... 14th September 2023 · 3 mins read
US Housing Market Update New home sales can’t defy gravity for much longer New home sales have brushed off a collapse in overall housing demand, rising 23% in the first half of 2023. More competitive pricing will be providing some support to sales, but the primary factor is... 12th September 2023 · 3 mins read
UK Housing Market Update High rates restrain lending and push up arrears The Q2 Mortgage Lenders and Administrators statistics from the Bank of England showed that higher rates are limiting lending and making it more difficult than ever for single-income households to get... 12th September 2023 · 3 mins read
US Housing Market Chart Pack US Housing Market Chart Pack With affordability stretched and the economy slowing, housing market activity is expected to remain weak over the coming quarters. While we expect house prices to lose some of their recent momentum... 7th September 2023 · 1 min read
UK Housing Market Update Real house prices hit seven-year low According to Halifax, house prices are up by 20% compared to 2019 even after their recent falls. But adjusted for inflation they slipped to a seven-year low in August. High mortgage rates point to a... 7th September 2023 · 2 mins read
UK Housing Market Rapid Response Halifax House Prices (Aug 2023) The steep fall in the Halifax House Price Index in August confirmed that the further leg down in house prices we have been forecasting has materialised. If we are right to think that mortgage rates... 7th September 2023 · 2 mins read
US Housing Market Rapid Response Mortgage Applications (Aug.) Mortgage rates continue to weigh on demand Mortgage applications for home purchase continued to slip in August, recording the largest monthly fall since February. This latest drop has kept mortgage... 6th September 2023 · 1 min read
UK Housing Market Update Pandemic trends are approaching their end The adoption of remote work meant central London was left out of the COVID-19 house price boom. But with house prices in outlying towns and rural areas around the capital starting to stagnate too... 5th September 2023 · 4 mins read
China Economics Weekly A major step-up in support Stimulus efforts are finally gaining momentum. Yesterday, regulators announced measures to support households and shore up the property sector, including looser downpayment requirements and reductions... 1st September 2023 · 6 mins read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Aug.) Australian house prices rose at a blistering pace in August, as demand continued to outstrip supply. Although the property market is likely to remain tight in the near term, we think house price... 1st September 2023 · 2 mins read
