UK Housing Market Update RICS Residential Market Survey (Nov. 2024) November’s RICS survey provides further evidence that housing activity and prices remained resilient to the rise in mortgage rates in November. And our view that mortgage rates will start to fall... 12th December 2024 · 3 mins read
US Housing Market Update Rental growth to pick-up as apartment supply drops off The peak in new apartment supply has passed, with completions set to drop back sharply over the next few years. If demand continues to hold up well as we expect, this should put downward pressure on... 10th December 2024 · 3 mins read
UK Housing Market Rapid Response UK Halifax House Prices (Nov. 2024) The leap in Halifax house prices in November mirrors the jump in the Nationwide measure and suggests that some relief rally or release of pent-up demand after the Budget has more than offset the... 6th December 2024 · 3 mins read
Canada Chart Pack Canada Chart Pack (Dec. 2024) Lower interest rates are yet to do much to spur the economy, but green shoots are emerging, with the timely activity surveys picking up and the newly-announced mini-fiscal stimulus expected to boost... 5th December 2024 · 1 min read
UK Commercial Property Rapid Response S&P Global/ CIPS Construction PMI (Nov. 24) The headline CIPS construction PMI increased to 55.2 in November, from 54.3 in October, indicating an expansion of construction activity. 5th December 2024 · 1 min read
US Housing Market Rapid Response Mortgage Applications (Nov. 2024) The rebound in purchase mortgage applications in November shows that there were some signs of life in the market, despite the return of 7% mortgage rates. But taking a step back, activity remains... 4th December 2024 · 2 mins read
US Commercial Property Update Post-pandemic student housing rebound to be short-lived Tight supply conditions will drive a solid rent outlook for the student housing sector over the next year. But the bigger picture remains one of slowing demand as steady declines in the college-age... 3rd December 2024 · 3 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (Nov. 24) Conditions for would-be homebuyers and sellers will not improve much in the near term, with mortgage rates set to remain around 7% through the first half of next year, before modest relief arrives... 2nd December 2024 · 1 min read
UK Housing Market Rapid Response UK Nationwide House Prices (Nov. 2024) November’s surprisingly large rise in the Nationwide house price index suggests the housing market is picking up momentum despite recent rises in mortgage rates. With housing affordability still... 2nd December 2024 · 3 mins read
Australia & New Zealand Economics Update Stretched affordability bodes poorly for housing cycle Although Australian house prices edged up a notch in November, we remain sceptical about prospects for a second wind in the housing cycle. Given that the RBA is unlikely to provide interest-rate... 2nd December 2024 · 3 mins read
UK Economics Rapid Response UK Money & Lending (Oct. 2024) October’s money and lending figures suggest that Budget worries prompted households to become more cautious with their borrowing and saving. Moreover, November’s weak activity data suggest the tax... 29th November 2024 · 3 mins read
UK Housing Market Update Are there enough workers to build 300,000 homes a year? Even if the government’s easing of planning rules were to mean that at least 300,000 new home approvals in England were granted a year, the number of construction workers would need to rise... 26th November 2024 · 3 mins read
US Housing Market Rapid Response Case-Shiller/FHFA House Prices (Sep. 2024) The second consecutive moderate 0.3% rise in house prices in September reflects the market picking up momentum over the summer as mortgage rates fell. However, timelier indicators, like the sales-to... 26th November 2024 · 2 mins read
US Housing Market Rapid Response New Home Sales (Oct. 2024) The large fall in new home sales in October was to be expected given the disruption from hurricanes Helene and Milton, as well as the rise in mortgage rates last month. While sales should rebound this... 26th November 2024 · 2 mins read
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q4 24) All-property values are down 18% from their mid-2022 peaks. And with appraisal-based cap rates still set to tick higher, we expect further small falls in values. That should take the peak-to-trough... 25th November 2024 · 1 min read
US Housing Market Update Where are the residential construction layoffs? Residential construction employment has been performing much better than the slump in construction over the past year might have implied. We suspect that is because job losses in the new home... 25th November 2024 · 3 mins read
