UK Housing Market Data Response Mortgage Lending (May.) While mortgage approvals edged up in May, there is still lost ground to make up following a weak start to 2017. That said, with the economic backdrop broadly supportive, we expect a modest recovery in... 29th June 2017 · 1 min read
Australia & New Zealand Chart Pack Growth to remain subdued in Australia While GDP growth in both Australia and New Zealand in the first quarter was weaker than most had anticipated, this was partly the result of temporary factors that will fade. Nonetheless, while the... 29th June 2017 · 1 min read
US Housing Market Update Will smaller footprints give a lift to new home sales? The drop in the average floor area of new homes started in the first quarter suggests builders are now moving towards constructing more affordable homes. And, given that a lack of cheaper homes has... 28th June 2017 · 1 min read
Canada Economic Outlook Housing boom turning to bust After a strong start to the year, the economy now appears on the verge of a slowdown as the housing boom turns to bust. Home sales have tumbled and we fear that the coming correction in house prices... 28th June 2017 · 1 min read
UK Housing Market Data Response Nationwide House Prices (June/Q2) After edging lower in each of the past three months, the Nationwide house price index bounced back in June to leave house prices more or less unchanged from their level in February. 28th June 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Apr.) The 0.2% m/m gain in house prices was the smallest gain on the Case-Shiller measure since May 2014, and appears to confirm that price pressures have been easing since February. However, an easing in... 27th June 2017 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (May.) Mortgage approvals fell in May, and the near term outlook is subdued. But with the economic backdrop a little stronger in Q2 and interest rates still supportive, mortgage approvals should begin to... 26th June 2017 · 1 min read
UK Housing Market Update Can housebuilders boost their productivity? Construction sector productivity in the UK has in part been held back by slow adoption of new construction techniques. And while productivity has struggled to rise in countries with higher use of pre... 23rd June 2017 · 1 min read
India Chart Pack RBI wields new powers The Reserve Bank of India (RBI) has started to put to use its new powers to clean up the banking sector. Earlier this month it instructed several commercial banks to begin insolvency proceedings... 22nd June 2017 · 1 min read
US Housing Market Data Response Existing Home Sales (May) The 1.1% m/m rise in existing home sales in May was better than expected, although that only partly revered the previous month’s decline. The bad news is that May’s rise in sales has only worsened the... 21st June 2017 · 1 min read
US Housing Market Outlook Housing activity constrained by lack of inventory The latest drop in mortgage interest rates has not boosted housing market activity, which is being constrained by a severe lack of inventory. With housing starts faltering, we doubt inventory levels... 20th June 2017 · 1 min read
Australia & New Zealand Data Response Australia ABS House Prices (Q1) The first quarter of this year will probably go down in history as the point at which house price inflation peaked. Policymakers have engineered the slowdown that appears to be underway, but there’s... 20th June 2017 · 1 min read
US Housing Market Data Response Housing Starts (May) Housing starts once again surprised on the downside in May, contracting for the third month in a row. The multifamily sector is primarily responsible for the decline, but single-family starts have... 16th June 2017 · 1 min read
UK Housing Market Update Have buy-to-let curbs supported owner occupiers? There is little evidence as yet that buy-to-let curbs have boosted mortgage lending to owner occupiers. While first-time buyer numbers do seem to have grown, that appears to have been driven by other... 15th June 2017 · 1 min read
US Housing Market Update Rise in selling sentiment won’t cure low inventory levels The share of households seeing now as a good time to sell has exceeded the share seeing now as a good to buy for the first time since records began in 2010. But, past rises in selling sentiment have... 14th June 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (May) Despite a further slowdown in Vancouver, the national rate of annual house price inflation rose to 13.9% in May, from 13.4%, reflecting an acceleration in Toronto. But the big slump in home sales and... 14th June 2017 · 1 min read
