US Housing Market Data Response Mortgage Applications (Mar.) Despite a small rise in mortgage interest rates the strong labour market, high consumer confidence and historically favourable mortgage affordability all combined to ensure that mortgage applications... 6th April 2016 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Feb.) House prices saw another strong increase in February according to CoreLogic. And with demand set to rise further, but inventory still very constrained, further gains this year can be expected. 5th April 2016 · 1 min read
US Housing Market Update Will worsening affordability halt the housing market recovery? Even with our above-consensus views on house price growth and interest rate hikes, a rise in earnings growth will help keep mortgage payments as a share of income below their long-run average over the... 31st March 2016 · 1 min read
UK Housing Market Data Response Mortgage Lending (Feb.) Mortgage approvals for house purchase dipped in February. This is further evidence suggesting that the surge in activity ahead of the introduction of a stamp duty surcharge on additional homes has... 31st March 2016 · 1 min read
UK Housing Market Data Response Land Registry Repeat Sales Index (Feb.) House price growth slowed in February – further evidence that the surge in buyer activity ahead of the introduction of the stamp duty surcharge in April has had little effect on prices so far. 30th March 2016 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Jan.) House prices in January increased by a solid 0.5% m/m at the national level. Rising demand and low housing inventory are combining to put upwards pressure on prices - a set of conditions we expect... 29th March 2016 · 1 min read
US Housing Market Update Have homebuilders shut out first-time buyers? In recent years, homebuilders have focussed on constructing more expensive properties. However, that primarily reflects builders responding to underlying demand conditions. So, for the most part, we... 24th March 2016 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Feb.) Mortgage approvals for house purchase among the BBA’s group of high street banks cooled in February. This adds to a growing body of evidence that investors’ rush to transact ahead of April’s stamp... 24th March 2016 · 1 min read
UK Commercial Property Chart Pack Rental growth picks up, but investment slumps The economic indicators provided mixed messages this month. On the one hand, job creation is still healthy, inflation is low, nominal wage growth edged up and retail sales strengthened. Sentiment... 24th March 2016 · 1 min read
Australia & New Zealand Economics Weekly Recent resurgence in housing won’t last The resurgence in Australia’s housing market at the start of this year is already looking a bit tired. The delayed impact on activity from last year’s rises in mortgage rates, the recent deterioration... 24th March 2016 · 1 min read
Australia & New Zealand Chart Pack Housing market running out of puff More worrying than the 0.5% q/q seasonally adjusted fall in the ABS measure of Australian house prices in the fourth quarter of last year (+0.2% q/q unadjusted) is that the subsequent rebound is... 22nd March 2016 · 1 min read
US Housing Market Data Response Existing Home Sales (Feb.) The large 7.1% m/m drop in existing home sales in February is down to chronically low numbers of homes for sale. With limited prospect of the supply situation improving any time soon, existing home... 21st March 2016 · 1 min read
UK Housing Market Update The risk to the UK housing market isn’t Brexit An out vote in June’s EU referendum could lead to some short-term softening in activity levels and price pressures in the housing market. It could also present another medium-term headwind to raising... 21st March 2016 · 1 min read
US Housing Market Outlook House prices set to rise by 6% in 2016 There has been no let-up in the very tight market conditions which have characterised the housing market in recent months. With housing demand rising steadily on the back of low mortgage interest... 18th March 2016 · 1 min read
Asia Economics Weekly Singapore housing: a bubble deflated Property prices in Singapore have fallen for ten consecutive quarters and we expect the slide to continue. The gradual deflation of what had looked like a potential housing bubble has left the economy... 18th March 2016 · 1 min read
US Housing Market Data Response Housing Starts (Feb.) As expected, housing starts rose in February, following two consecutive months of declines. Homebuilders are benefitting from the combination of rising housing demand and a shortage of existing homes... 16th March 2016 · 1 min read
