UK Housing Market Data Response Halifax House Prices (Nov.) House price inflation on the Halifax index paused in November. With house prices set to stay very high relative to incomes and interest rates rising, we expect house price growth to stay sluggish over... 7th December 2018 · 1 min read
US Housing Market Update Surge in new home supply won’t crash house prices On past form the jump in the months’ supply of new homes to an eight-year high would be consistent with outright falls in national house prices. However, the existing home inventory is not far off... 6th December 2018 · 1 min read
US Housing Market Data Response Mortgage Applications (Nov.) The drop in the 10-year Treasury yield over the past month has brought down mortgage interest rates. In turn, mortgage applications for home purchase have risen to close to a five-month high. Mortgage... 5th December 2018 · 1 min read
China Economics Focus China Property Handbook China’s property sector is crucial to the economy’s performance and to China’s demand for many materials. In this updated and expanded Handbook, we discuss the drivers of the property cycle and answer... 4th December 2018 · 1 min read
US Housing Market Focus Slowing home sales good news for the rental market Home sales are set to tread water over the next couple of years, which is good news for the rental sector. If Americans aren’t buying homes, many will look to rent one instead. Admittedly, the... 3rd December 2018 · 1 min read
Australia & New Zealand Data Response CoreLogic House Prices (Nov.) We suspect the decline in house prices in the eight capital cities is going to continue and house prices will go on to eventually fall by at least 12%. 3rd December 2018 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Nov.) House price growth accelerated in November. But that didn’t alter the wider trend of slowing house price inflation. With house prices very high relative to incomes and interest rates on an upward... 30th November 2018 · 1 min read
Australia & New Zealand Economics Weekly Budget surplus, looser lending restrictions The rapid decline in the budget deficit suggests that the Government may announce higher spending or tax cuts in next year’s Budget. And Labor has pledged to eliminate a number of tax privileges if it... 30th November 2018 · 1 min read
UK Housing Market Data Response Mortgage Lending (Oct.) House purchase mortgage approvals rose in October. But that did little to offset the weakness in lending seen over the last year. Moreover, there are few reasons to believe that the latest rise is the... 29th November 2018 · 1 min read
Australia & New Zealand Chart Pack Inflation set to fall sharply The recent slump in crude oil prices means that the tailwind to consumer price inflation from soaring energy prices won’t be sustained. After boosting Australia’s headline inflation by 0.6 percentage... 29th November 2018 · 1 min read
US Housing Market Data Response New Home Sales (Oct.) Even after a significant upward revision to September’s estimate, the 8.9% m/m drop in new home sales in October was enough to send sales to a 2½-year low. But a drop in mortgage interest rates over... 28th November 2018 · 1 min read
Europe Economics Update Dutch housing boom near its peak The housing boom that has been one of the prime drivers of Dutch economic growth in recent years is likely to be close to its peak. As a result, growth is likely to slow in the coming years. But we do... 28th November 2018 · 1 min read
Australia & New Zealand Economics Update New Zealand - Looser LTV constraints won’t reignite housing market The Reserve Bank of New Zealand’s decision to ease mortgage lending restrictions probably won’t result in a major pick-up in lending and home sales. And with house prices looking stretched relative to... 28th November 2018 · 1 min read
US Housing Market Data Response Case-Shiller / FHFA House Prices (Sep.) With higher mortgage interest rates weighing on housing demand, it is not a surprise that the FHFA and Case-Shiller reported slower annual house price growth in September. We doubt mortgage rates have... 27th November 2018 · 1 min read
UK Housing Market Data Response UK Finance Mortgage Lending (Oct.) Mortgage approvals for house purchase ended three months of decline with a small rise in October. But with house prices high and interest rates expected to rise next year, the outlook for lending is... 26th November 2018 · 1 min read
UK Housing Market Update Weak outlook for housing supply Having surged in recent years, office to residential conversions have passed their peak. And conversions of other property types to residential are unlikely to soon make up the difference. Combined... 23rd November 2018 · 1 min read
