US Housing Market Data Response Homeownership & Vacancy Rates (Q3) The marginal dip in the seasonally-adjusted homeownership rate in the third quarter is another indication of the impact of low inventory on the housing market. Indeed, the homeowner vacancy remains... 31st October 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Aug.) Case-Shiller reported that annual house price growth exceeded 6% for the first time in over three years in August, even as mortgage applications for home purchase have edged down. Prices are being... 31st October 2017 · 1 min read
Australia & New Zealand Chart Pack Retail sector on the ropes Despite the sustained strengthening in the Australian labour market, retail sales have been unusually weak in recent months. Admittedly, some of this weakness can be explained by weak price pressures... 31st October 2017 · 1 min read
UK Housing Market Data Response Mortgage Lending (Sep.) Mortgage lending edged downwards for a second consecutive month in September. This has partly been driven by the muted economic backdrop. But stalling house price growth and expectations of a rate... 30th October 2017 · 1 min read
UK Housing Market Data Response UK Finance Mortgage Lending (Sep.) Mortgage approvals have held broadly steady for the last two months. And with a November rate rise looking increasingly likely and banks having shown signs of pulling back on riskier lending, mortgage... 25th October 2017 · 1 min read
India Chart Pack Fiscal deficit target under pressure The rapid expansion of the central government’s deficit in the early stages of the fiscal year is a regular occurrence, as revenues tend to get ramped up in latter months. Nevertheless, there are... 24th October 2017 · 1 min read
UK Housing Market Update Has the shortage of homes for sale worsened? Changes in the number of surveyors, seller behaviour and the rise of online agents mean that the fall in homes for sale may be overstated. Our analysis suggests that while the number of homes for sale... 20th October 2017 · 1 min read
UK Housing Market Data Response UK House Price Index (Aug.) The official house price index continues to report house price growth that is rather stronger than the other main indices. But the further slowdown in London house price inflation, which led the... 17th October 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Sep.) The drop in national home sales that began seven months ago resulted in a further slowdown in the rate of annual house price inflation to 11.4% in September, from 13.1%. A sharper slowdown in price... 12th October 2017 · 1 min read
Japan Chart Pack Positive verdict on Abenomics ahead of snap elections The economy is providing a favourable backdrop to Prime Minister Abe’s efforts to be re-elected on 22nd October. Firms are the most upbeat in a generation following a jump in their profits. Job growth... 12th October 2017 · 1 min read
UK Housing Market Data Response Halifax House Prices (Sep.) House price growth accelerated on the Halifax index. But this is at odds with the softer picture reported by the other main indices. Regardless, with real wages being eroded, house prices already so... 6th October 2017 · 1 min read
UK Data Response National Accounts & Balance of Payments (Q2.) The most interesting element of the National Accounts was the sweeping revisions to the data, including the implementation of the ONS’ annual methodological overhaul, which suggests households’... 29th September 2017 · 1 min read
UK Economics Update Mortgage rates are heading back over 3% Mortgage rates are set to move back above 3% by the end of 2019. On its own, a rise in mortgage interest rates on that scale is unlikely to trigger another downturn in house prices. But it will act as... 28th September 2017 · 1 min read
Australia & New Zealand Chart Pack Turning point? The encouraging signs about the health of the Australian economy have continued over the past month, with employment growth gathering pace and the outlook for business investment improving. (See Chart... 28th September 2017 · 1 min read
UK Housing Market Data Response UK Finance Mortgage Lending The number of mortgage approvals for house purchase posted a marginal rise in August, adding to the impression that the falls seen in the first half of the year have now run their course. But the rise... 26th September 2017 · 1 min read
Australia & New Zealand Economics Update New Zealand - Post-election negotiations may influence economy The financial markets won’t worry too much about how long it takes the various parties to form a government after the weekend’s general election, but the negotiations could influence the outlook for... 25th September 2017 · 1 min read
