Canada Chart Pack Housing market poised for correction Toronto’s housing real estate boom is turning to bust. After reaching a record high last quarter, seasonally adjusted home sales have plummeted by 30% so far this quarter, while new listings activity... 13th June 2017 · 1 min read
UK Housing Market Data Response UK House Price Index (Apr.) and MLAR statistics (Q1) House price growth accelerated in March. But Bank of England data suggests that both LTVs and LTIs have been falling. Combined with falling buyer enquiries, that suggests price growth will cool again... 13th June 2017 · 1 min read
Japan Chart Pack Consumer revival underway The recovery in Japan’s economy since early last year has mostly been driven by a surge in exports, but Japanese consumers also seem to be joining the party. Consumer spending is on track for another... 13th June 2017 · 1 min read
UK Housing Market Focus How would the housing market fare without Help to Buy? The Help to Buy equity loan scheme has undoubtedly played a role in boosting mortgage approvals and the supply of new homes. Yet it is easy to overstate its importance and to understate the role of... 7th June 2017 · 1 min read
US Housing Market Data Response Mortgage Applications (May.) Mortgage applications jumped by 7% in the week ending 2nd of June. Despite a fall in mortgage rates, that rise was driven not by remortaging, but by applications for home purchase, which were last... 7th June 2017 · 1 min read
UK Housing Market Data Response Halifax House Prices (May.) House prices rose a little in May, ending a four-month streak of flat or falling prices. But subdued buyer demand suggests that they will rise only a touch over the remainder of 2017. 7th June 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Apr.) After seasonal-adjustment, CoreLogic reported that house price gains stabilised at a robust 0.8% m/m in April. A lack of homes for sale is acting to dissuade some buyers from entering the market... 6th June 2017 · 1 min read
Australia & New Zealand Economics Weekly Don’t panic about housing…at least not yet Most of the recent gloomy headlines on Australia’s housing market are simply because people are mistaking the normal soft patch after the Easter school holidays for something more worrying. When you... 2nd June 2017 · 1 min read
US Housing Market Focus Why has rental growth slowed? The recent slowdown in rental growth does not reflect an easing in tenant demand but rather seems to reflect a surge in the number of new multifamily developments being brought to market. As... 1st June 2017 · 1 min read
UK Housing Market Data Response Nationwide House Prices (May.) House prices have now fallen for three months in a row. But in the context of the the strong price gains seen in recent years, there is little cause for concern. 1st June 2017 · 1 min read
UK Housing Market Data Response Mortgage Lending (Apr.) Mortgage lending fell for a third consecutive month in April. But with Q1’s sluggish GDP growth unlikely to be repeated, unemployment very low, and mortgage rates looking attractive, we expect... 31st May 2017 · 1 min read
US Housing Market Data Response Case-Shiller House Prices (Mar.) Disappointing activity data of late has not prevented headline rates of house price inflation from picking up again in the year to March. We expect house price inflation edge up further in the second... 30th May 2017 · 1 min read
Europe Economics Update Is the recovery in construction built on strong foundations? Euro-zone construction sentiment is now back above pre-crisis norms. And with low borrowing costs set to continue supporting property prices and activity, prospects for the sector are the best in... 25th May 2017 · 1 min read
UK Housing Market Data Response BBA Mortgage Lending (Apr.) and Housebuilding (Q1) While mortgage lending has softened in recent months, housebuilders have fared better, increasing the rate of construction in Q1 – a trend we expect to continue. And, with the first quarter’s economic... 25th May 2017 · 1 min read
Australia & New Zealand Chart Pack Household sector is starting to falter There is growing evidence that the household sector in Australia is beginning to struggle as subdued income growth weighs on spending. The sharp slowdown in the growth of retail sales volumes in the... 24th May 2017 · 1 min read
UK Housing Market Chart Pack London Housing Chart Book - Bumping Along House price growth in London has slowed sharply while transactions are falling. Both developments are being driven by the very high level of prices. With buyer interest more or less stagnant and house... 23rd May 2017 · 1 min read
