UK Housing Market Rapid Response

UK Halifax House Prices (Jun. 2024)

As the first economic data release under a Labour government since 2010, the decline in Halifax house prices in June meant that Labour’s tenure got off to a slightly downbeat start. However, while we...

5th July 2024 · 2 mins read

UK Housing Market Rapid Response

Nationwide House Prices (Jun. 2024)

Although house prices rose slightly in June, an earlier dip means they were flat on the quarter in Q2. With signs mortgage rates are causing demand to falter and that supply is improving, we think...

1st July 2024 · 3 mins read

Australia & New Zealand Economics Update

Australia CoreLogic House Prices (Jun.)

Australian house price gains softened just a smidge in June as housing demand held up reasonably well. However, as strained affordability takes its toll, we still think that house price growth will...

1st July 2024 · 3 mins read

UK Housing Market Update

House prices to slip back in the near term

The slight increase in mortgage rates since the beginning of the year appears to have reached a tipping point for demand. At the same time, the supply of homes being put up for sale has increased...

27th June 2024 · 4 mins read

Australia & New Zealand Economic Outlook

RBA won’t cut interest rates until mid-2025

Activity has slowed to a standstill in both countries. Although output growth should gather momentum going forward, it will remain below its pre-pandemic average. However, with underlying inflation...

26th June 2024 · 20 mins read

US Housing Market Rapid Response

US Case-Shiller/FHFA House Prices (Apr. 2024)

The second consecutive moderate 0.3% m/m rise in house prices in April could be a sign that the increase in home listings this year has cooled the market. We think rising supply will eventually be...

25th June 2024 · 2 mins read

Canada Economics Update

Canada Housing Watch (Jun. 2024)

The housing market was soft in May, with sales and prices edging down, but we expect conditions to improve over the rest of the year as the Bank of Canada cuts interest rates further and mortgage...

17th June 2024 · 4 mins read

UK Housing Market Update

UK RICS Residential Market Survey (May 2024)

Faltering demand and rising supply mean prices will slip back The May RICS survey was the weakest so far this year, as new demand faltered and sales slowed. With the quantity of homes coming onto the...

13th June 2024 · 3 mins read

UK Housing Market Update

Recovery in lending unlikely to gain more momentum

The granular data on mortgage lending in Q1 contained some signs of relief following the dip in mortgage rates at the end of last year. But given that decline in rates has since reversed, we don’t...

11th June 2024 · 3 mins read

UK Housing Market Rapid Response

UK Halifax House Prices (May 2024)

The slight decline in the Halifax house price index in May confirmed that the increase in mortgage rates since the start of the year has caused house prices to stall. Mortgage rates have continued to...

7th June 2024 · 3 mins read

Australia & New Zealand Economics Update

Australia CoreLogic House Prices (May)

While house price growth accelerated rather sharply in May, stretched affordability points to a renewed slowdown. Indeed, most leading indicators point to a renewed moderation in price growth.

3rd June 2024 · 2 mins read

UK Housing Market Rapid Response

UK Nationwide House Prices (May 2024)

Despite a small increase in the Nationwide house price index in May, the big picture is that the slight rise in mortgage rates since the start of the year has caused house prices to stagnate.

31st May 2024 · 3 mins read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (May 2024)

The tick up in mortgage rates since the start of the year has caused demand to soften. As a result, house prices are likely to tread water over the coming months. But our forecast that Bank Rate will...

29th May 2024 · 1 min read

US Housing Market Rapid Response

US Case-Shiller/FHFA House Prices (Mar. 2024)

The solid 0.3% m/m rise in house prices in March suggests that competition among buyers for the limited number of second-hand homes on the market remains strong. We expect that to continue for the...

28th May 2024 · 2 mins read

Australia & New Zealand Chart Pack

Australia & New Zealand Chart Pack (May 2024)

Our Australia & New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. The latest data indicate that capacity pressures have continued to ease, a trend...

22nd May 2024 · 1 min read