UK Housing Market Update Central boroughs lead London slowdown Growth in the capital’s asking prices has slowed sharply in recent months, driven primarily by a weak performance in the central boroughs. With London’s housing market facing headwinds from high... 21st September 2016 · 1 min read
India Chart Pack Rollout of GST is edging closer Progress in implementing the Goods and Services Tax (GST) since the bill was passed in parliament in early August has so far been fairly smooth. However, there are still a number of sticking points... 21st September 2016 · 1 min read
Australia & New Zealand Data Response ABS House Prices (Q2) The ABS measure of house prices supports other evidence showing that the housing market has found a new lease of life. That said, the market is not as strong as widely believed and it’s more likely to... 20th September 2016 · 1 min read
UK Housing Market Update Have policymakers tamed BTL? The fact that buy-to-let lending is now running at barely half last year’s levels could be a sign that policymakers have succeeded in choking-off demand. But we think the fact that BTL lending grew in... 20th September 2016 · 1 min read
US Housing Market Data Response Housing Starts (Aug. 16) As expected, housing starts fell back in August. But more of a worry is that building permits fell for the second consecutive month, indicating that builders have yet to respond to tight market... 20th September 2016 · 1 min read
Canada Economics Weekly Household debt continues to rise The focus remained on the nation’s housing boom last week, with figures released showing that house prices continued to rise rapidly last month, even as home sales fell further in the aftermath of the... 16th September 2016 · 1 min read
US Economics Update UoM Consumer Confidence (Sep.) The University of Michigan measure of consumer confidence was unchanged at a five-month low of 89.8 in September, although it is still at a level that, historically, has been consistent with real... 16th September 2016 · 1 min read
US Housing Market Update Why are credit scores on mortgages trending up? Somewhat surprisingly, according to Ellie Mae the average credit score for successful mortgage applications has been trending up since the beginning of the year. But a closer look shows that rise is... 15th September 2016 · 1 min read
US Housing Market Outlook Market conditions tighten as inventory falls The number of existing homes for sale has fallen to a 15-year low, which is both constraining housing market activity and putting upward pressure on house prices. But as new households struggle to... 14th September 2016 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Aug. 16) The Teranet house price index shows the national growth rate climbed to a six-year high of 11.4% y/y in August, as prices continued to increase in Vancouver even after the introduction of the new... 14th September 2016 · 1 min read
UK Housing Market Data Response Official House Price Index (Jul.) and MLAR statistics (Q2) The official house price index recorded a modest drop in house prices in July, immediately following the referendum, consistent with our forecast that house price inflation will slow sharply during... 13th September 2016 · 1 min read
Canada Economics Weekly Housing bubble still a tale of two cities The reported 23% y/y decline in Vancouver home sales in August unsurprisingly prompted claims in the media last week that the new foreign buyer tax, which took effect at the start of last month, had a... 9th September 2016 · 1 min read
UK Housing Market Data Response RICS Residential Market Survey (Aug.) Today’s rebound in the RICS survey data suggest that the post-referendum housing market malaise is wearing off. But with the majority of the survey’s measures still weak, the market is still some... 8th September 2016 · 1 min read
US Housing Market Data Response Mortgage Applications (Aug.) Despite a positive economic backdrop supporting housing demand, very low levels of housing inventory are putting off potential buyers. Mortgage applications for home purchase fell for the second... 7th September 2016 · 1 min read
UK Housing Market Chart Pack Post-referendum shock starts to wane There are increasing signs that the initial post-referendum shock has begun to recede. With buyer numbers still falling and confidence still shaky, the weakness in transactions will last for several... 7th September 2016 · 1 min read
UK Housing Market Data Response Halifax House Prices (Aug. 16) Today’s data from the Halifax point to a minor post-referendum dip in house prices. But with the economic data increasingly pointing away from a full-blown recession and interest rates set to stay low... 7th September 2016 · 1 min read
