US Housing Market Update What’s driving the gap between mortgages and sales? The number of mortgage applications for home purchase jumped earlier this year, but those buyers came up against the tightest market conditions for 40-years. Increased competition for homes crowded... 2nd August 2019 · 3 mins read
UK Housing Market Update Are more young adults moving out? Data from the English Housing Survey suggests that rising tenant demand has come from newly formed households. That could reflect more young adults moving out of their parents’ homes, and supports our... 1st August 2019 · 3 mins read
Australia & New Zealand Data Response CoreLogic House Prices (Jul.) House prices appear to be bottoming with an average increase in prices across the eight capital cities in July. We expect prices will remain around this level for the rest of 2019 before rising by 3%... 1st August 2019 · 2 mins read
UK Housing Market Data Response Nationwide House Prices (Jul.) There was no sign of a recovery in house price growth in July, and we expect the market to stay that way in 2019, regardless of the Brexit outcome. 31st July 2019 · 2 mins read
US Housing Market Data Response Case-Shiller House Prices (May) Annual house price growth edged back once again in May, with subdued demand and lender caution taking some of the heat out of the market. That slowdown is set to continue as the economy weakens, but... 30th July 2019 · 2 mins read
Australia & New Zealand Chart Pack Falling profitability to weigh on investment The slowdown in domestic economic activity along with global trade tensions is becoming more of a concern for businesses in both countries. That means that sentiment has not been bolstered by the... 30th July 2019 · 10 mins read
Bank’s housing forecasts built on wrong foundations The Bank of Canada’s forecasts for residential investment do not seem to account for the shift away from single-family to multi-family construction. That shift means it will take longer for... 29th July 2019 · 3 mins read
US Housing Market Update Drop in homeownership rate won’t be reversed soon A steady decline in home sales last year pushed the homeownership rate to a 1½-year low in the second quarter, and we doubt it will recover over the next couple of years. A slowing economy will... 26th July 2019 · 3 mins read
UK Housing Market Update Will the fall in transactions be sustained? Transactions fell sharply in June, but leading indicators suggest that the decline probably won’t be sustained. Indeed, assuming a no deal Brexit is avoided, we think housing transactions will fall by... 25th July 2019 · 3 mins read
UK Housing Market Data Response UK Finance Mortgage Lending (Jun.) According to UK Finance, house purchase mortgage approvals saw a small increase in June. But even assuming a Brexit deal is agreed, we don’t expect to see a sustained recovery in mortgage approvals... 24th July 2019 · 2 mins read
US Housing Market Data Response FHFA House Prices / Existing Home Sales (May/Jun.) A steady fall in mortgage interest rates has not given a boost to existing home sales, which dropped back in June and have now recorded year-on-year declines for the past 16-months. A slowing economy... 23rd July 2019 · 2 mins read
UK Housing Market Outlook Limited housing market recovery next year Regardless of the Brexit outcome, we don’t expect a rebound in either house prices or transactions in 2019. Rather, there is hope of a modest improvement in housing market activity in both 2020 and... 22nd July 2019 · 30 mins read
Teranet House Prices (Jun.) The sales-to-new listing ratio suggests that house price inflation will accelerate from June’s decade low of 0.5%, but further falls in house price inflation in Vancouver are likely to prevent a... 18th July 2019 · 2 mins read
US Housing Market Update Cut in premium won’t halt drop in FHA market share bill which recently passed the House to cut the FHA upfront mortgage premium by 25 bps for first-time buyers who take a financial management course is too small to halt the downward trend in the FHA... 18th July 2019 · 3 mins read
UK Commercial Property Data Response Bank of England Credit Conditions Survey (Q2) Lenders reported a drop in mortgage availability in Q2. And while that decline is expected to reverse in Q3, we doubt that will translate into a rebound in mortgage lending. Meanwhile, credit... 18th July 2019 · 3 mins read
US Housing Market Data Response Housing Starts (Jun.) The volatile multifamily sector was responsible for the overall decline in both housing starts and building permits in June. Single-family starts and permits both edged out a small gain and, with new... 17th July 2019 · 2 mins read
