US Commercial Property Update Nashville, Jacksonville and Austin top for remote workers Our updated remote worker preference scores again highlight Nashville as the most attractive metro for remote workers, while San Jose is the least attractive. The winners continue to be predominantly... 13th March 2024 · 5 mins read
UK Housing Market Update Rental market continues to contract The more granular detail of mortgage lending in Q4 published by the Bank of England this morning added to the evidence that the Buy-to-Let (BTL) sector is contracting. Meanwhile arrears increased, but... 12th March 2024 · 3 mins read
Australia & New Zealand Economics Weekly The worst may be over for the Australian consumer National accounts figures released this week showed that subdued household spending continued to weigh on the Australian economy in Q4. However, with a recovery in real disposable incomes taking shape... 8th March 2024 · 3 mins read
UK Housing Market Rapid Response UK Halifax House Prices (Feb. 24) The smallest month-on-month increase in house prices since September suggested that the boost to house prices from the decline in mortgage rates since last summer is over. With mortgage rates now... 7th March 2024 · 2 mins read
US Housing Market Rapid Response US Mortgage Applications (Feb. 2024) February’s mortgage applications data show rising mortgage rates put an end to what had been the start of a fairly promising recovery, following the low for applications in October 2023. We think this... 6th March 2024 · 3 mins read
UK Commercial Property Rapid Response S&P Global/ CIPS Construction PMI (Feb. 24) The headline CIPS construction PMI rose to 49.7 in February, just under the no change level. The rise was driven by the housing component, with commercial activity edging back a touch. As interest... 6th March 2024 · 2 mins read
US Housing Market Outlook No end in sight to rising house prices Even if mortgage rates fall to 6% as we expect, mortgage rate ‘lock-in’ will continue to curb home moves. As a result, we only anticipate a trickle of new resale supply coming onto the market over the... 5th March 2024 · 15 mins read
UK Housing Market Update The origin of the government’s 300,000 target We have traced the government’s target of building 300,000 new homes a year in England back to the 2004 Barker Review. Rerunning the calculations two decades on suggests 385,000 new homes a year would... 4th March 2024 · 3 mins read
UK Economics Weekly Housing leading the economy out of recession The government’s desperation to close the gap on Labour in the opinion polls means surprisingly big tax cuts shouldn’t be ruled out from the Budget on Wednesday despite the fiscal constraints that... 1st March 2024 · 5 mins read
UK Housing Market Rapid Response Nationwide House Price Index (Feb. 2024) Another sizeable monthly increase in the Nationwide house price index in February confirmed that lower mortgage rates are feeding through to higher prices. But recent increases in interest rate... 1st March 2024 · 3 mins read
Australia & New Zealand Economics Update Australia CoreLogic House Prices (Feb.) Australian house price gains eased only slightly in February. However, with home sales now softening noticeably, we suspect that the momentum behind the housing rebound will soon fade. 1st March 2024 · 2 mins read
Canada Chart Pack Canada Chart Pack (Feb. 2024) Although the economy returned to growth last quarter, spare capacity continues to accrue, and we expect CPI inflation to return to the 2% target by the third quarter. That leaves scope for the Bank of... 29th February 2024 · 0 mins read
UK Economics Rapid Response UK Money & Credit (Jan. 2024) January’s money and credit figures suggest the drag on consumer spending and the housing market from higher interest rates is easing, which suggests an economic recovery, at least in some sectors, has... 29th February 2024 · 3 mins read
UK Housing Market Update The Times: Why 99 per cent mortgages will make the housing crisis worse A version of this report was originally published as an opinion piece in The Times on 28th February 2024. 28th February 2024 · 4 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Dec. 2023) Another small rise in house prices in December suggests the extremely backward-looking data are still capturing a slowdown in price growth following the October peak in mortgage rates. That’s mainly... 27th February 2024 · 2 mins read
China Economics Weekly New developer financing scheme shows promise The record 25bp cut to the 5Y Loan Prime Rate, the benchmark for price mortgages, captured the headlines this week. But of greater importance to China's property sector is the new "real estate... 23rd February 2024 · 6 mins read
