US Housing Market Update Early signs that exodus from cities is easing An important driver of the surge in home sales over recent months has been households leaving apartments in cities to escape COVID-19 and acquire more space to work from home. But a fall in the share... 7th December 2020 · 3 mins read
US Economics Weekly Fiscal negotiations go down to the wire (again) Markets received a boost this week from the more positive news on the possibility of a (smaller) fiscal relief package, but it still seems unlikely that a deal will be made that satisfies all sides... 4th December 2020 · 6 mins read
US Data Response Employment Report (Nov.) The slowdown in the pace of non-farm payroll gains to 245,000 in November underlines how the renewed surge in virus cases and restrictions is weighing on services demand, which will only intensify... 4th December 2020 · 2 mins read
US Commercial Property Update Revising the peak-to-trough price fall to just 5% Our upcoming Outlook will detail major upgrades to our capital value expectations. Rather than a total fall of around 10% at the all-property level, we now expect the cumulative decline to be just 5%. 3rd December 2020 · 3 mins read
US Housing Market Update Vaccine will not provide a quick fix for real estate News about a vaccine has boosted financial markets and we have revised up our global economic expectations for the next two years or so. But while we think that this bodes well for the medium term... 2nd December 2020 · 3 mins read
UK Housing Market Update Vaccine will not provide a quick fix for real estate News about a vaccine has boosted financial markets and we have revised up our global economic expectations for the next two years or so. But while we think that this bodes well for the medium term... 2nd December 2020 · 3 mins read
Europe Commercial Property Update Vaccine will not provide a quick fix for real estate News about a vaccine has boosted financial markets and we have revised up our global economic expectations for the next two years or so. But while we think that this bodes well for the medium term... 2nd December 2020 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report Crude stocks dipped last week as net imports sank. Meanwhile, with COVID-19-related restrictions now present in a number of large states, we suspect that demand will remain low for a few months yet. 2nd December 2020 · 2 mins read
UK Commercial Property Update Vaccine will not provide a quick fix for real estate News about a vaccine has boosted financial markets and we have revised up our global economic expectations for the next two years or so. But while we think that this bodes well for the medium term... 2nd December 2020 · 5 mins read
US Commercial Property Update Vaccine will not provide a quick fix for real estate News about a vaccine has boosted financial markets and we have revised up our global economic expectations for the next two years or so. But while we think that this bodes well for the medium term... 2nd December 2020 · 3 mins read
US Housing Market Data Response Mortgage Applications (Nov.) Issues with seasonal adjustment over the Thanksgiving holiday, when many more people stayed home and perhaps applied for a mortgage, led to a spike in home purchase mortgage applications in the final... 2nd December 2020 · 2 mins read
US Data Response ISM Manufacturing Index (Nov.) The fall in the ISM manufacturing index to a still-solid 57.5 in November, from 59.3, suggests that manufacturing production will continue to catch up with the broader economic recovery despite the... 1st December 2020 · 2 mins read
US Economics Update New GDP forecasts: weak end to 2020, better 2021 The recent surge in coronavirus infections means that economic growth will be slower than we previously assumed in both the fourth quarter and the first quarter of next year. As the associated... 30th November 2020 · 3 mins read
Energy Data Response US Weekly Petroleum Status Report US commercial crude stocks fell slightly last week, while implied product demand also ticked down. And, with new US virus cases still at very high levels, we think that it probably won’t be until next... 25th November 2020 · 2 mins read
US Housing Market Data Response New Home Sales (Oct.) New home sales levelled off in October, suggesting that pent-up demand from the spring is running out. In addition, strong sales over the summer months have left the supply of homes for sale at an all... 25th November 2020 · 2 mins read
US Economics Weekly Yellen to be first female Treasury Secretary This week the markets were buoyed by the news that President-elect Joe Biden intends to nominate Janet Yellen to be Treasury secretary but, while she is eminently qualified, her lack of political deal... 25th November 2020 · 8 mins read
