US Commercial Property Office Metros Outlook Expect huge divergence in performance between metros We expect there will continue to be major divergence between the winning and losing metros. We think the major markets and tech-centric western markets will continue to fare poorly thanks to low... 19th December 2024 · 7 mins read
US Housing Market Rapid Response Existing Home Sales (Nov. 2024) The increase in existing home sales in November, despite rising mortgage rates and weakening mortgage applications the month before, points to stronger demand from cash buyers, possibly driven by... 19th December 2024 · 2 mins read
UK Commercial Property Chart Pack UK Commercial Property Chart Pack (Dec. 24) The fiscal loosening announced in October’s Budget means inflation and gilt yields are now set to be higher than previously expected over the next few years. That will limit yield compression, and the... 19th December 2024 · 1 min read
US Housing Market Rapid Response Housing Starts (Nov. 2024) The decline in housing starts in November was entirely due to weakness in multifamily construction, which outweighed a post-hurricane rebound in single-family construction. The rise in permits to a... 18th December 2024 · 2 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Dec. 2024) The sharp rise in transactions in October and the acceleration in house price growth in November suggest some relief rally or pent-up demand after the Budget is more than offsetting the recent rises... 17th December 2024 · 1 min read
Canada Economics Update Housing Watch (Dec. 2024) The rise in home sales in November builds on the jump in October and is particularly positive considering some buyers may have held off from purchases ahead of the new mortgage rules that took effect... 16th December 2024 · 4 mins read
US Commercial Property Outlook Total returns to turn positive in 2025, but offices still weigh The backdrop to our new real estate forecasts is a small reduction in our GDP forecasts and higher level of interest rates than previously. This weighs on the outlook, and we have trimmed our total... 12th December 2024 · 20 mins read
UK Housing Market Update What’s really happening with new build house prices? The Office for National Statistics’ (ONS) November house price data release indicates unusually large increases in new build house prices in recent months. We suspect that this reported rise does not... 12th December 2024 · 3 mins read
Australia & New Zealand Economic Outlook ANZ Outlook: RBA and RBNZ to walk different paths Although their recent performance leaves much to be desired, we believe that both Antipodean economies are on the cusp of a cyclical upswing. But while the RBNZ has ample room to support the recovery... 12th December 2024 · 20 mins read
UK Housing Market Update RICS Residential Market Survey (Nov. 2024) November’s RICS survey provides further evidence that housing activity and prices remained resilient to the rise in mortgage rates in November. And our view that mortgage rates will start to fall... 12th December 2024 · 3 mins read
US Housing Market Update Rental growth to pick-up as apartment supply drops off The peak in new apartment supply has passed, with completions set to drop back sharply over the next few years. If demand continues to hold up well as we expect, this should put downward pressure on... 10th December 2024 · 3 mins read
UK Housing Market Rapid Response UK Halifax House Prices (Nov. 2024) The leap in Halifax house prices in November mirrors the jump in the Nationwide measure and suggests that some relief rally or release of pent-up demand after the Budget has more than offset the... 6th December 2024 · 3 mins read
Canada Chart Pack Canada Chart Pack (Dec. 2024) Lower interest rates are yet to do much to spur the economy, but green shoots are emerging, with the timely activity surveys picking up and the newly-announced mini-fiscal stimulus expected to boost... 5th December 2024 · 1 min read
UK Commercial Property Rapid Response S&P Global/ CIPS Construction PMI (Nov. 24) The headline CIPS construction PMI increased to 55.2 in November, from 54.3 in October, indicating an expansion of construction activity. 5th December 2024 · 1 min read
US Housing Market Rapid Response Mortgage Applications (Nov. 2024) The rebound in purchase mortgage applications in November shows that there were some signs of life in the market, despite the return of 7% mortgage rates. But taking a step back, activity remains... 4th December 2024 · 2 mins read
US Commercial Property Update Post-pandemic student housing rebound to be short-lived Tight supply conditions will drive a solid rent outlook for the student housing sector over the next year. But the bigger picture remains one of slowing demand as steady declines in the college-age... 3rd December 2024 · 3 mins read
