US Housing Household formation stalls as costs mount After seeing strong gains over most of 2021, household formation stalled in the final quarter. A lack of homes for sale and rent, and the soaring cost of both tenures, is constraining household... 3rd February 2022 · 3 mins read
US Housing End of eviction ban won’t stop recovery in rents The eviction ban has been extended to early October, but we doubt it will be renewed again. Given the strength of the labour market, significant government support and robust rental demand, the... 19th August 2021 · 3 mins read
US Housing Home sales and house prices to moderate The share of households seeing now as a good time to buy a home has fallen to 39-years lows, as booming house prices, tight credit conditions and record low inventory have weighed on sentiment. But... 11th August 2021 · 9 mins read
US Housing Mortgage Applications (Jul.) The recent decline in mortgage rates buoyed refinancing activity in July, but didn’t prevent another month of declining home purchase activity. While market conditions are tight, there are still... 4th August 2021 · 2 mins read
US Housing Existing Home Sales (Jun) Existing home sales edged higher in June, but the bigger picture is that housing market activity is cooling. Booming house prices, rising mortgage rates and tight inventory will weigh on demand this... 22nd July 2021 · 2 mins read
US Housing Housing Starts (Jun.) Single-family housing starts rose by 6.3% m/m in June. Despite this, even after the sharp decline in lumber prices in recent weeks there are still signs that supply shortages are holding back... 20th July 2021 · 2 mins read
US Housing Home sales to ease even as mortgage rates stay low Even as mortgage rates have remained low, housing market activity has dropped back as booming house prices, tight credit conditions and a lack of inventory have put off buyers. We expect that dynamic... 15th July 2021 · 17 mins read
US Housing Will booming house prices translate into rents? The recent surge in house price growth to record highs does not automatically mean rental growth is also set to take off. But a strong recovery in rental demand as cities reopen and households make... 14th July 2021 · 3 mins read
US Housing Major Apartment Markets Outlook (Q2 2021) With cities reopening apartment demand will see a substantial rise this year, boosted by the arrival of households who delayed a move last year. Vacancy rates will fall back in all six major cities... 29th June 2021 · 8 mins read
US Housing Increased demand for larger apartments to persist Increased demand for larger apartments to accommodate working from home is already evident in NYC, where the inventory of units with two or more bedrooms has seen a sharper decline compared to smaller... 14th May 2021 · 3 mins read
US Housing Is there still a bright future for Sunbelt apartments? The easing of virus restrictions and return to offices for many white-collar workers will mean that apartment markets in cities such as NYC and Washington D.C. will outperform this year. But we think... 15th April 2021 · 3 mins read
US Housing Reopening less of a positive for Boston apartments Greater availability, lower prices and proximity to NYC have supported demand for Boston apartments during the pandemic. That implies demand may edge back as the country reopens, and some workers... 5th March 2021 · 3 mins read