India Chart Pack Another obstacle cleared on road to GST The consensus reached between India’s national and state governments on how different products will be dealt with under the Goods and Services Tax (GST) marks another important step towards its... 23rd May 2017 · 1 min read
UK Housing Market Update Why this house price slowdown will persist We don’t expect a resurgence in house price growth anytime soon. In London and the south, the forces that drove post-crisis house price growth have petered out. And underlying demand and supply... 18th May 2017 · 1 min read
UK Housing Market Data Response CML Lending Trends (Q1 2017) Growth in house purchase mortgage advances is stuck in low gear, as high prices weigh on demand and BTL lending remains sluggish. Barring a major relaxation in lending terms, which is unlikely, we... 17th May 2017 · 1 min read
UK Housing Market Data Response UK House Price Index (Mar.) House prices fell in March, as annual house price growth London and its surrounding regions slowed particularly sharply. That said, with demand rising gently and prime prices recovering, it is too... 16th May 2017 · 1 min read
China Data Response Activity & Spending (Apr.) The activity and spending data for April all came in below consensus, continuing the recent trend of disappointing Chinese data. Softer foreign demand and domestic consumption were the immediate... 15th May 2017 · 1 min read
UK Economics Weekly Is the housing market heading for a major downturn? This week’s news brought further signs that the housing market is cooling and could suggest that we are on the cusp of a house price slump. But we doubt that the various indications of softness... 12th May 2017 · 1 min read
Canada Data Response Teranet-National Bank House Prices (Apr.) Despite a record high in Toronto, the national rate of annual house price inflation edged down to 13.4% in April, from 13.5%, reflecting the rapid slowdown in Vancouver and falling house prices in... 12th May 2017 · 1 min read
US Housing Market Update Does slowing rental growth pose a risk for house prices? Affordability constraints have weighed on rental growth in recent months which, in theory, could lead to slower house price gains. However, the large number of variables which influence house prices... 11th May 2017 · 1 min read
US Housing Market Chart Pack Homes selling fast as inventory shortage worsens The inventory of homes for sale continues to decline. The months’ supply of existing single-family homes dropped to just 3.9 in March, the lowest reading since records began in 1982. The lack of homes... 9th May 2017 · 1 min read
UK Housing Market Data Response Halifax House Prices (Apr.) House prices fell a touch in April – meaning that prices have now failed to rise for four months running. However, with both the economic backdrop and future price expectations still solid, a house... 8th May 2017 · 1 min read
Canada Economics Weekly Housing boom turning to bust Average home sale price data contain far more timely market information about potential turns in the housing cycle than the aggregate house price indices that are more closely watched. That said, all... 5th May 2017 · 1 min read
UK Housing Market Data Response Mortgage Lending (Mar.) Mortgage approvals for house purchase fell in March, weighed down by high house prices and subdued buyer enquiries. Yet with the economic backdrop still supportive, lending should gradually recover... 4th May 2017 · 1 min read
UK Housing Market Update Will materials costs hit housebuilding? A weak pound has driven materials price inflation for housebuilders to a six-year high. All else equal, rising materials costs will dent builder margins, but they are unlikely to prevent further gains... 3rd May 2017 · 1 min read
Canada Economics Update Home Capital Group won’t trigger housing bust The financial difficulties at alternative mortgage lender Home Capital Group (HCG) don’t necessarily mark the end of the housing boom, since it is too small to matter. But with signs that the housing... 2nd May 2017 · 1 min read
US Housing Market Focus Tax reform likely to give housing market a boost President Trump’s plan to raise the standard deduction would make the mortgage interest deduction less valuable, which has raised some concerns in the housing industry. But, if anything, with... 2nd May 2017 · 1 min read
US Housing Market Data Response CoreLogic House Prices (Mar.) The March CoreLogic house price index offered no evidence of a let-up in house price growth. After seasonal-adjustment, the 0.9% m/m gain was the same as that seen in February. That pushed the annual... 2nd May 2017 · 1 min read
