UK Housing Market Update RICS Residential Market Survey (Jul. 2024) Increasing demand points to stronger price growth Tentative signs from July’s RICS survey add to the growing evidence that demand and prices are starting to pick up. And as lenders start to cut... 8th August 2024 · 3 mins read
Canada Chart Pack Canada Chart Pack (Aug. 2024) With the economy now in a position of excess supply, we expect core inflation to continue to fall back to 2% by the middle of next year. With the Bank of Canada putting more emphasis on the downside... 7th August 2024 · 1 min read
US Housing Market Rapid Response Mortgage Applications (Jul. 2024) July was a disappointing month for mortgage activity overall, with earlier high borrowing costs causing home purchase applications to slide by 5.4% m/m. All the attention, however, will be on the last... 7th August 2024 · 2 mins read
UK Housing Market Rapid Response UK Halifax House Prices (Jul. 2024) After three months of stagnation, the bigger-than-expected rise in the Halifax house price index in July provides further evidence that house prices are bouncing back from the slight rise in mortgage... 7th August 2024 · 2 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Jul. 2024) A pullback in buyer demand paired with rising supply has cooled the market, causing house price inflation to ease. However, the recent sharp decline in mortgage rates will offset some of that softness... 6th August 2024 · 1 min read
UK Commercial Property Rapid Response S&P Global/CIPS Construction PMI (Jul 24) 6th August 2024 · 1 min read
Japan Economics Focus Rental growth will continue to lag income growth While faster wage growth should eventually result in a significant pick-up in rental inflation, it seems likely that rental growth will trail income growth for the foreseeable future. That means that... 5th August 2024 · 9 mins read
UK Housing Market Rapid Response UK Nationwide House Price Index (Jul. 2024) 1st August 2024 · 4 mins read
Australia & New Zealand Economics Update Australia CoreLogic House Prices (Jul.) Australian house prices gained a bit of momentum in July. However, leading indicators continue to suggest that the housing market will cool markedly in the months ahead. Even if house price growth... 1st August 2024 · 3 mins read
US Commercial Property Update Elevated insurance premiums continue to hit valuations The rise in severe weather events over the last five years has left property insurers scrambling to price-in physical risks, causing premium growth to reach a 20-year high. While we think the worst is... 31st July 2024 · 3 mins read
US Housing Market Update Strong supply weighing on house prices in the Sun Belt Significant homebuilding in the Sun Belt region over the past three years has restored housing inventory to pre-pandemic levels, which is why house prices there have stalled. In contrast, markets in... 30th July 2024 · 4 mins read
US Housing Market Rapid Response Case-Shiller/FHFA House Prices (May 2024) Another moderate 0.3% m/m rise in house prices in May adds to the evidence that sellers are losing their grip on the market due to increasing supply. Do not write our forecast for a 5% gain in house... 30th July 2024 · 1 min read
UK Economics Rapid Response UK Money & Lending (Jun. 2024) June’s money and lending data provided a bit more evidence that the drag from higher activity is starting to fade, which supports our view that the economic recovery may be a bit stronger than most... 29th July 2024 · 3 mins read
US Housing Market Rapid Response New Home Sales (Jun. 2024) New home sales were essentially unchanged in June after their 15% slump the month before, not helped by mortgage rates which remained stubbornly high at around 7%. So far in July, borrowing costs have... 24th July 2024 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (Jun. 2024) The sharp rise in mortgage rates in April was the catalyst for existing home sales falling to a 13-year low in June. However, borrowing costs have since receded and timelier indicators of activity... 23rd July 2024 · 2 mins read
