US Commercial Property Apartment Metros Outlook Houston and Chicago top the apartment rankings Across the 17 metros we cover, most will see higher vacancy over the next year or so due to a surge in completions. Atlanta and Houston will be the key exceptions. There new construction has plummeted... 2nd July 2024 · 6 mins read
UK Commercial Property Update Why are residential yields so low? Higher costs, lower risk, a better rental growth outlook and competition from less yield-sensitive buyers all help explain why residential yields have been below other commercial property sectors for... 25th June 2024 · 4 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Apr. 2024) The second consecutive moderate 0.3% m/m rise in house prices in April could be a sign that the increase in home listings this year has cooled the market. We think rising supply will eventually be... 25th June 2024 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (May 2024) Existing home sales were essentially flat in May which is somewhat puzzling given that pending home sales and home purchase mortgage applications, which lead transactions by a month, both fell... 21st June 2024 · 1 min read
US Housing Market Rapid Response Housing Starts (May 2024) The drop in housing starts in May is consistent with the recent slowdown in permit issuance, pointing to construction continuing to falter this year. 20th June 2024 · 2 mins read
Middle East & North Africa Economics Weekly UAE exceptionalism, Egypt reshuffle, Saudi mortgages The decision by OPEC+ to roll over oil production cuts until October will reduce economic growth in the Gulf this year, but the UAE has emerged a clear winner. Higher oil output there will lead to a... 6th June 2024 · 7 mins read
UK Commercial Property Outlook Residential outperforms within a modest recovery Capital values for most property sectors are now close to bottoming out, but with yields set for a period of stability the recovery will be modest by past standards. We expect all-property total... 30th May 2024 · 27 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (May 2024) The tick up in mortgage rates since the start of the year has caused demand to soften. As a result, house prices are likely to tread water over the coming months. But our forecast that Bank Rate will... 29th May 2024 · 1 min read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Mar. 2024) The solid 0.3% m/m rise in house prices in March suggests that competition among buyers for the limited number of second-hand homes on the market remains strong. We expect that to continue for the... 28th May 2024 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (Apr. 2024) The drop in existing home sales in April will be followed up by further falls in the coming months, supporting our view that the recovery in transactions we expect this year will be concentrated in... 22nd May 2024 · 2 mins read
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q2 24) Weak investment activity and continuing cap rate rises in Q1 fit with our view for another tough year for real estate. All-property values are now down by 17% from their mid-2022 peaks. But we still... 22nd May 2024 · 1 min read
US Housing Market Update Latest data offer little optimism for apartment rents The latest apartment rent data are consistent with our view that rental growth will be sluggish this year. Although single-family rent growth has fared better, we suspect it will soon start to slow... 21st May 2024 · 2 mins read
UK Housing Market Update Is renting becoming the preserve of the rich? High net migration has led to a big jump in demand for rental properties that has pushed up the cost of rent compared to the average salary. But comparing rents to average pay is not as accurate a... 13th May 2024 · 4 mins read
Australia & New Zealand Economics Update Downturn in homebuilding has much further to run The blowout in the pipeline of unfinished houses during the pandemic will reverse by the end of this year. With building approvals very low, dwellings investment will therefore fall further. While... 13th May 2024 · 3 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Feb. 2024) The substantial shortage of existing homes for sale fueled a robust 0.4% m/m rise in house prices in February, consistent with our above-consensus call that house price growth will end 2024 at 5% y/y. 30th April 2024 · 2 mins read
London Housing Markets Chart Pack London Housing Chart Pack (Q2 2024) House price growth in London remains negative according to the ONS, but timelier measures of house prices and sentiment suggest that activity has picked up and prices are regaining momentum. The... 25th April 2024 · 1 min read
