US Housing Market Update Conditions tighten in homeowner and rental markets The second quarter Housing Vacancies and Homeownership survey showed market conditions tightening in both the homeowner and rental markets, with vacancy rates at 56-year and 37-year lows respectively... 28th July 2021 · 3 mins read
UK Housing Market Data Response Nationwide House Prices (Jul.) The drop back in the Nationwide house price inflation in July suggests that the tapering of the stamp duty holiday has taken a little heat out of the market. But as the tax break was just one of many... 28th July 2021 · 2 mins read
US Housing Market Data Response Case-Shiller/FHFA House Prices (May) House prices showed no signs of slowing in May, with annual growth setting new records on both the Case-Shiller and FHFA measures. But with housing demand falling back since the start of the year, and... 27th July 2021 · 2 mins read
US Housing Market Data Response New Home Sales (Jun.) New homes sales dropped for the third month in a row in June, as homebuilders restricted sales in an effort to catch-up with the backlog of homes sold last year. But builders have reported continued... 26th July 2021 · 2 mins read
US Housing Existing Home Sales (Jun) Existing home sales edged higher in June, but the bigger picture is that housing market activity is cooling. Booming house prices, rising mortgage rates and tight inventory will weigh on demand this... 22nd July 2021 · 2 mins read
UK Housing Post-holiday slump in transactions won’t hit prices It is inevitable that transactions will drop sharply after setting a record high in June. But the stamp duty holiday is just one of several factors behind the housing market boom, so house prices... 21st July 2021 · 2 mins read
US Housing Housing Starts (Jun.) Single-family housing starts rose by 6.3% m/m in June. Despite this, even after the sharp decline in lumber prices in recent weeks there are still signs that supply shortages are holding back... 20th July 2021 · 2 mins read
Canada Economics Teranet House Prices (Jun.) House price inflation accelerated to 16% y/y in June but, with the sales-to-new listing ratio falling in recent months, price inflation will peak in the second half of the year. 20th July 2021 · 2 mins read
US Housing Home sales to ease even as mortgage rates stay low Even as mortgage rates have remained low, housing market activity has dropped back as booming house prices, tight credit conditions and a lack of inventory have put off buyers. We expect that dynamic... 15th July 2021 · 17 mins read
UK Housing Credit Conditions Survey (Q2 2021) A further easing of concerns about the outlook for property prices and the economy suggests that mortgage lending conditions will continue to improve. That will help ensure that house prices are... 15th July 2021 · 3 mins read
US Housing Will booming house prices translate into rents? The recent surge in house price growth to record highs does not automatically mean rental growth is also set to take off. But a strong recovery in rental demand as cities reopen and households make... 14th July 2021 · 3 mins read
US Housing Market Update Bounce in high-rise demand to give way to gardens There is mounting evidence that the exodus from cities is winding down. As economies reopen, we think that cities will come back to life, bringing a wave of new demand for high-rise apartments. But... 9th July 2021 · 3 mins read
UK Housing Market Data Response RICS Residential Market Survey (Jun.) Activity and house prices were extremely strong again in June according to the RICS survey, although there was a distinct softening in the more forward-looking balances. As supply remains limited, we... 8th July 2021 · 2 mins read
US Housing Market Data Response Mortgage Applications (Jun.) Home purchase mortgage applications fell back again in June, leaving them down 23% compared to the 11-year high seen in January. Tight inventory and stretched affordability are largely responsible for... 7th July 2021 · 2 mins read
UK Housing Market Data Response Halifax House Prices (Jun.) While we would be wary of reading too much into the small decline in house prices in June reported by Halifax, timely measures of house prices are consistent in pointing to a moderation in house price... 7th July 2021 · 2 mins read
US Housing Market Chart Pack Home demand drops as prices surge Despite mortgage rates seeing little movement in recent months, mortgage applications for home purchase have dropped to their lowest level since April last year. That implies home sales have further... 7th July 2021 · 8 mins read
