US Housing Market Chart Pack

US Housing Market Chart Pack (Apr. 2024)

Mortgage rates climbed back above 7% last month but we think that trend will soon reverse, with rates falling to 6.5% by year-end. Lower borrowing costs will draw more mortgaged buyers into the market...

14th May 2024 · 1 min read

UK Housing Market Update

RICS Residential Market Survey (April 2024)

Increasing supply points to softer price growth While sales volumes were robust in April according to the RICS Residential Market Survey, stalling demand and increasing supply suggests that prices...

9th May 2024 · 2 mins read

Australia & New Zealand Economics Update

Australia CoreLogic House Prices (Apr.)

The housing rebound that began early last year continued to lose momentum in April. With affordability likely to remain stretched for the foreseeable future, house price growth will only ease further...

1st May 2024 · 2 mins read

US Housing Market Update

What later Fed rate cuts mean for the housing market

A later start to Fed rate cuts than we anticipated will push the fall in mortgage rates and recovery in activity into the second half of the year. But as we think that the Fed Funds rate will...

25th April 2024 · 3 mins read

London Housing Markets Chart Pack

London Housing Chart Pack (Q2 2024)

House price growth in London remains negative according to the ONS, but timelier measures of house prices and sentiment suggest that activity has picked up and prices are regaining momentum. The...

25th April 2024 · 1 min read

US Housing Market Rapid Response

US New Home Sales (Mar. 2024)

The large uptick in new home sales in March is consistent with our above-consensus prediction that sales of new homes will climb to 750,000 by year end.

23rd April 2024 · 2 mins read

US Housing Market Chart Pack

US Housing Market Chart Pack (Mar. 2024)

Even if mortgage rates fall to 6.5% this year as we expect, homeowners will still be discouraged from listing their home, ensuring supply remains tight. At the same time, mortgaged buyer demand should...

18th April 2024 · 1 min read

US Housing Market Rapid Response

US Existing Home Sales (Mar. 2024)

The fall in existing home sales in March was triggered by mortgage rates climbing back above 7% the month before. Even so, transactions remain above the trough at the end of last year, consistent with...

18th April 2024 · 2 mins read

Australia & New Zealand Chart Pack

Australia & New Zealand Chart Pack (Apr. 2024)

Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. The minutes of their most recent meetings revealed that the RBA and the RBNZ...

11th April 2024 · 1 min read

UK Housing Market Update

UK RICS Residential Market Survey (Mar. 24)

Cautious optimism from surveyors on prices and activity The slight increase in the balances for past prices and new buyer enquiries in the RICS Residential Market Survey for March showed that demand...

10th April 2024 · 3 mins read

US Housing Market Update

Rising home listings won’t derail our price forecast

We think that reports of a wave of new resale supply coming onto the market are overblown. While the number of homes being listed for sale has increased compared to last year, it is still low by...

9th April 2024 · 3 mins read

UK Housing Market Update

How much should we read into the collapse in starts?

The further slump in housing starts in Q4 was a surprise, but timelier data and leading indicators suggest activity has since begun to recover. We are therefore happy with our forecast of a gradual...

5th April 2024 · 2 mins read

Australia & New Zealand Economics Update

Australia CoreLogic House Prices (Mar.)

Australian house prices continued to pare their gains last month. And a further loss of momentum appears likely in the near term, especially given that the RBA is unlikely to come to the housing...

2nd April 2024 · 3 mins read

UK Housing Market Chart Pack

UK Housing Market Chart Pack (Mar. 2024)

A pause in the fall in mortgage rates and a rise in the number of homes coming onto the market mean house price growth will stall in the near term. But our forecast that Bank Rate will be cut further...

26th March 2024 · 1 min read

US Housing Market Rapid Response

US New Home Sales (Feb. 2024)

February’s tiny drop in new home sales cut short what appeared to be the beginning of a recovery in recent months. Even though the drop was extremely small, it still potentially casts some doubt over...

25th March 2024 · 2 mins read