Japan Chart Pack Inflation genie remains in its bottle Japan’s economy probably recorded the sixth quarter of uninterrupted GDP growth in Q2 and the outlook for the third quarter is positive. In fact, the economy remains on track to enjoy the longest... 11th August 2017 · 1 min read
UK Economics Update Will the housing market slowdown weigh on the economy? The recent slowdown in house price growth looks unlikely to develop into outright falls, and as such shouldn’t undermine our relatively upbeat forecasts for consumer spending and investment. 10th August 2017 · 1 min read
US Housing Market Chart Pack Homeowner vacancy rate falls to 17-year low The latest data on vacancy rates confirms that housing market conditions are tight. Very low inventory levels pushed the homeowner vacancy rate to a 17-year low in the second quarter. That will... 8th August 2017 · 1 min read
UK Housing Market Chart Pack Slowdown shows no signs of easing With buyer enquiries falling, house price growth slowing and mortgage approvals showing few signs of life, the housing market slowdown is showing few signs of easing. What’s more, long-term... 8th August 2017 · 1 min read
UK Housing Market Data Response Halifax House Prices (Jul.) The headline rate of annual house price growth decelerated to just 2.1% in July. And with buyer enquiries falling, all signs point to house price growth staying weak over the remainder of the year. 7th August 2017 · 1 min read
China Economics Update HK property prices set to fall as interest rates rebound The prospect of a property downturn triggered by monetary tightening in the US has long been the biggest risk hanging over Hong Kong’s economy. But while US interest rates have risen this year, rates... 4th August 2017 · 1 min read
UK Housing Market Update Is remortgaging set to surge? The factors holding back remortgaging are unlikely to give way soon, meaning that recent gains probably aren’t the start of a fresh surge in activity. That said, with so many borrowers sitting on... 3rd August 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (Jul.) Mortgage applications fell in July, primarily due to a fall in refinancing. But home purchase applications dropped too, held back by low inventory. So while robust job creation and easing lending... 2nd August 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Jun.) According to Corelogic, annual house price growth rose to 6.7% in June. But while market conditions remain tight, new homes inventory is steadily rising and cautious home appraisals are holding back... 1st August 2017 · 1 min read
UK Housing Market Data Response Nationwide House Prices (Jul.) Annual house price growth edged downward in July. With houses already very expensive, new buyer enquiries falling and transactions stagnating, we expect house price inflation to stay in the low single... 1st August 2017 · 1 min read
US Housing Market Update What can inventory tell us about state-level house prices? In the absence of state-level data on the months’ supply of unsold homes, a comparison of inventory levels in each state to their long-run average has, in the past, proved a reasonable leading... 31st July 2017 · 1 min read
Australia & New Zealand Chart Pack Jobs growth switches from soft to soaring After a soft patch at the beginning of this year, jobs growth has soared in Australia in recent months. What’s more, of the net new 154,000 jobs that have been created since March all of them have... 31st July 2017 · 1 min read
UK Housing Market Data Response UK Finance Mortgage Lending (Jun.) Mortgage approvals among the high street banks stagnated in June. But while weaker economic growth and falling buyer enquires mean the near-term outlook is subdued, there is scope for a gentle... 26th July 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (May) Case-Shiller reported a marginal easing in monthly house price pressures in May. But that softening reflects problems with the seasonal-adjustment process. Annual growth was unchanged at a robust 5.6%... 25th July 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (Jun.) Given the very low level of inventory, the 1.8% m/m drop in existing home sales in June was expected. Sales have now made no progress over the past year, even as robust housing demand means those... 24th July 2017 · 1 min read
US Housing Market Update Non-residents buy more homes despite strong dollar Even with a strong dollar pushing up the price of US homes for most foreign buyers, in the year to March non-resident buyers increased their spending on residential property by 72%. We suspect fears... 20th July 2017 · 1 min read
