US Housing Market Rapid Response

Housing Starts (Jul. 2024)

The slump in both housing starts and building permits in July, to the lowest levels since the epoch of the pandemic, only partly reflects the temporary impact of Hurricane Beryl. Accordingly, even...

16th August 2024 · 2 mins read

China Economics Focus

How to fix China’s property destocking scheme

The property support measures included in yesterday’s stimulus announcement won’t be enough to drive a turnaround in the housing market. In a detailed analysis of the government’s property destocking...

16th August 2024 · 18 mins read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (Aug. 2024)

Our UK Housing Chart Pack has been updated with the latest data and our analysis of recent developments. The recent drop in mortgage rates has caused house prices to rise a bit faster than expected...

15th August 2024 · 1 min read

US Commercial Property Valuation Monitor

US Commercial Property Valuation Monitor (Q3 2024)

Minimal movement in property yields and a slight edge up in the 10-year Treasury yield meant improvement in our property valuation scores stalled in the second quarter of the year. Despite the recent...

15th August 2024 · 1 min read

UK Housing Market Update

Revising up our 2024 house price forecast

Given the revival in house prices and recent falls in mortgage rates, we are raising our Q4 2024 house price growth forecast from 1.0% y/y to 2.0%. We now think that the number of housing transactions...

15th August 2024 · 4 mins read

Europe Commercial Property Update

Data improving, but German retail prospects still weak

Despite better occupier data in H1, the weak consumer backdrop and still elevated vacancy mean we expect German retail rents to only hold steady this year. Thereafter, we expect rental gains to lag...

15th August 2024 · 3 mins read

Australia & New Zealand Chart Pack

Australia & New Zealand Chart Pack (August 2024)

The Antipodean central banks will tread different paths when it comes to policy setting in the near term. With the New Zealand economy in a tailspin and inflation well on its way to target, the RBNZ...

15th August 2024 · 1 min read

US Commercial Property Chart Pack

US Commercial Property Chart Pack (Q3 24)

While investment has tentatively turned a corner, subdued activity and further rises in cap rates mean 2024 will still be a tough year. All-property values are down by 18% from their mid-2022 peaks...

14th August 2024 · 1 min read

UK Commercial Property Update

Retail investment will continue to lead the recovery

Commercial property investment is on track to hit our forecast for a rise of 20% this year, helped by a substantial rise in retail transactions. A decent rental growth outlook coupled with attractive...

14th August 2024 · 3 mins read

Latin America Economics Focus

Elevated housing inflation to keep Banxico hawkish

Housing inflation has become an increasingly important driver of core services inflation in Mexico – a key concern of the central bank, Banxico. And we think that robust household income growth and a...

13th August 2024 · 13 mins read

US Housing Market Update

Drop in mortgage rates won’t set the market alight

We are sceptical that the recent decline in mortgage rates will revive the housing market. Rates are still high compared to recent years, discouraging homeowners from moving, while most potential new...

12th August 2024 · 4 mins read

Europe Commercial Property Update

Office utilisation rising but space cutting to drag on

European office occupier surveys reveal that office attendance and utilisation has continued to rise over the past year and that it could still improve a bit further. However, despite the rise in...

12th August 2024 · 3 mins read

UK Economics Weekly

Strong rebound in housing activity an upside risk to GDP

Our forecast implies that the recovery in the housing market will both directly and indirectly add about 0.8% to the level of GDP by the end of 2026. But the risk is that the housing market rebound is...

9th August 2024 · 11 mins read

US Commercial Property Update

Diverse occupier base to support Southern office demand

After an already-tough H1 for information sector jobs, we expect the second half of the year to see further cuts, which will be bad news for tech-heavy metros in the West. But a more diverse occupier...

8th August 2024 · 4 mins read

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