US Housing Market Data Response Housing Starts (Sep.) Strong new home sales have helped boost homebuilder confidence to a 20-month high, and single-family building permits and starts both recorded a small rise in September. The lack of existing home... 17th October 2019 · 2 mins read
UK Housing Market Data Response Bank of England Credit Conditions Survey (Q3) A weaker economic outlook and stronger risk aversion among lenders led banks to tighten credit availability in Q3. What’s more, lending to commercial property was also reined in. 17th October 2019 · 3 mins read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q3) A weaker economic outlook and stronger risk aversion among lenders led banks to tighten credit availability in Q3. What’s more, lending to commercial property was also reined in. 17th October 2019 · 3 mins read
US Housing Market Update Headwinds for NYC home buyers, but not for rents Over the past couple of years buyers of high-end homes in New York City have been hit by higher taxes, and can no longer hide their identity. That has cut home buyer demand and house prices, and may... 16th October 2019 · 3 mins read
UK Housing Market Update Where is housebuilding slowing? London has led the fall in housebuilding, but more recently, construction has fallen sharply in nearly every region. Looking ahead, given continued economic uncertainty, housing starts are on track to... 16th October 2019 · 3 mins read
Australia & New Zealand Economic Outlook RBA to cut to 0.25% and launch QE The end of the housing downturn has reduced the risk of a recession and we expect GDP growth in Australia to edge up from 1.7% this year to 2.0% in 2020. However, that’s still well below potential and... 15th October 2019 · 23 mins read
What does the election mean for the housing market? Both the Liberals and the Conservatives have proposed policies that could boost house prices. The effects would be small but, after a decade of tightening lending restrictions, it is hardly an... 9th October 2019 · 4 mins read
US Housing Market Update Rise in appraisal threshold a positive, but a small one A hike in the threshold at which mortgages require a home appraisal, from $250,000 to $400,000, is long overdue and has the potential to reduce closing times, raise closing rates and boost house... 9th October 2019 · 3 mins read
Japan Economic Outlook Headwinds strengthening We still think that the impact of October’s sales tax hike on consumption will be smaller than after previous tax hikes. But the outlook for external demand remains poor and firms have become less... 9th October 2019 · 22 mins read
UK Housing Market Data Response Halifax House Prices (Sep.) September’s fall in the Halifax house price index chimes with the message from the alternative measures and suggests that house price inflation is subdued. Indeed, with house prices already high and... 7th October 2019 · 2 mins read
UK Housing Market Data Response Housebuilding (Q2) Housing starts fell for a third consecutive quarter in Q2, pushing the pace of construction down to its lowest level in three years. Looking ahead, with Help-to-Buy set to be pared back and wider... 3rd October 2019 · 2 mins read
US Housing Market Data Response Mortgage Applications (Sep.) The first rise in mortgage rates since November last year dampened refinancing demand in September, but applications for home purchase saw a small gain. However that rise merely took home purchase... 2nd October 2019 · 2 mins read
UK Commercial Property Data Response IHS Markit/CIPS Construction PMI (Sep.) The fall in the headline construction PMI in September suggests that construction output contracted in Q3. For the commercial property sector, the softer supply pipeline may limit rental values falls... 2nd October 2019 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Sep.) The subdued picture for house price growth is unlikely to improve anytime soon. Even if a no deal Brexit disruption is avoided, we think high house prices, mortgage regulation and rising interest... 1st October 2019 · 2 mins read
Australia & New Zealand Data Response CoreLogic House Prices (Sep.) The 10% annualised rise in house prices in September is unsustainable in light of sluggish income growth. We expect prices to rise by a slower 5% in 2020 and 2021. 1st October 2019 · 2 mins read
Australia & New Zealand Chart Pack Not living up to their potential Economic growth has continued to ease in both countries in the first half of 2019. In Australia, GDP growth eased to 1.4% y/y in Q2. And while the government’s tax cuts may mean that consumption... 30th September 2019 · 10 mins read
