US Housing Market Rapid Response Mortgage Applications (Aug. 2024) The drop in home purchase mortgage applications in August is surprising given the sharp fall in mortgage rates the month before. Some would-be buyers may be delaying their purchases due to increased... 4th September 2024 · 2 mins read
US Commercial Property Update Immigration will support largest multifamily markets While the headline-hitting surge in immigration last year was mainly driven by a spike in unauthorized movement, legal immigration has picked up from its pandemic lows, which is good news for many... 3rd September 2024 · 4 mins read
Australia & New Zealand Economics Update Australia CoreLogic House Prices (Aug.) With transaction volumes moderating and inventory rising, we expect the Australian housing market to cool in months ahead. 2nd September 2024 · 2 mins read
UK Economics Rapid Response UK Money & Lending (Jul. 2024) July’s money and lending data provide further evidence that a steady improvement in the flow and demand of credit is supporting the economic recovery. That said, credit growth is unlikely to... 30th August 2024 · 3 mins read
UK Housing Market Rapid Response UK Nationwide House Price Index (Aug. 2024) Despite the recent declines in mortgage rates, the small fall in the Nationwide house price index in August suggests affordability constraints on households continue to bite. But the further drop in... 30th August 2024 · 3 mins read
US Housing Market Rapid Response Case-Shiller/FHFA House Prices (Jun. 2024) The muted 0.2% rise in the national Case-Shiller house price index in June was no shock considering that buyer demand collapsed that month, while supply kept growing. With the spring selling season... 27th August 2024 · 2 mins read
US Housing Market Rapid Response New Home Sales (Jul. 2024) The surge in new home sales in July was driven by pent-up buyers taking advantage of the sharp drop in borrowing costs last month, after having been sidelined earlier this year by high mortgage rates... 23rd August 2024 · 2 mins read
China Economics Weekly Officials ease price controls, mull direct homebuying Allowing local governments to use special bond issuance to directly purchase unsold homes could address the lack of SOE participation in the current property destocking scheme. But this approach would... 23rd August 2024 · 4 mins read
US Housing Market Rapid Response Existing Home Sales (Jul. 2024) The small rebound in existing home sales in July seems underwhelming after last month’s large drop in mortgage rates, but the data are based on completed transactions and so it will take at least... 22nd August 2024 · 2 mins read
UK Commercial Property Outlook Look to beds, sheds and retail for best returns Commercial property yields and capital values have stabilised in recent months, which has encouraged investors to dip their toes back into the sector. But the recovery is set to be a weak one... 22nd August 2024 · 26 mins read
Canada Economics Weekly Warning signs for business investment The data this week cast doubt on the Bank of Canada’s view that the worst is already behind us for the economy, with manufacturing sales slumping to a two-and-a-half year low in June and non... 16th August 2024 · 5 mins read
Canada Economics Update Canada Housing Watch (Aug. 2024) Interest rate cuts have so far failed to stimulate the housing market, although the sharper drop in borrowing costs this month will lend more support. Regional divergences are growing, with Toronto... 16th August 2024 · 4 mins read
US Housing Market Rapid Response Housing Starts (Jul. 2024) The slump in both housing starts and building permits in July, to the lowest levels since the epoch of the pandemic, only partly reflects the temporary impact of Hurricane Beryl. Accordingly, even... 16th August 2024 · 2 mins read
