UK Commercial Property Data Response S&P Global/CIPS Construction PMI (Aug.) The surprise increase in the construction PMI is little cause for optimism given it was driven by the reversal of an idiosyncratic fall in civil engineering activity a month earlier. Indeed, the... 6th September 2022 · 2 mins read
Australia & New Zealand Economics Weekly Housing downturn starting to weigh on activity While the plunge in homebuilding last quarter reflected supply shortages more than weak demand, slumping home sales and house prices suggest that the downturn in dwellings investment has much further... 2nd September 2022 · 8 mins read
US Housing Market Update Apartment completions set for multi-decade high The jump in multifamily housing starts in the first half of 2022 implies a surge in completions over the next couple of years to a multi-decade high. But while rental demand is now moderating, the... 1st September 2022 · 3 mins read
US Housing Market Data Response Case-Shiller/FHFA House Prices (Jun.) House price growth hit the buffers in June, with Case-Shiller and FHFA reporting a sharp slowdown in month-on-month gains. Higher mortgage interest rates have stretched affordability and cut housing... 30th August 2022 · 3 mins read
UK Housing Market Data Response Mortgage Lending (Jul.) While mortgage approvals ticked up in July, that only reversed a fraction of their previous decline. And the drag on buyer demand from the ongoing increase in mortgage rates and surging energy bills... 30th August 2022 · 3 mins read
Canada Chart Pack Rental boom keeps construction elevated The surge in interest rates so far this year has contributed to a sharp decline in home sales but, so far at least, that has not weighed on construction activity. Housing starts averaged 279,000... 24th August 2022 · 9 mins read
Australia & New Zealand Chart Pack Housing downturn will weigh on activity before long Australia’s house prices are now falling at a similar rate as they did during the 2017-19 downturn, which was the largest in the country’s modern history. Home sales remain well above pre-pandemic... 22nd August 2022 · 12 mins read
Canada Economics Weekly Latest surge in travel prices should soon be reversed The further rise in core inflation in July was largely due to a surge in travel services prices, much of which should be reversed after the summer. Nevertheless, that rise in core inflation, the... 19th August 2022 · 4 mins read
Europe Economics Update Shrinking construction sector adds to recession risk Materials and labour shortages are weighing on construction activity and, although those headwinds may ease over the rest of the year, tighter monetary policy is likely to cause activity to fall. The... 19th August 2022 · 4 mins read
US Housing Market Update Increase in build-for-rent won’t derail SF rent growth Surging demand for single-family homes has revived institutional investor interest in the single-family rental (SFR) market. With few homes available to buy, interest in build-for-rent (BFR)... 3rd August 2021 · 3 mins read
UK Commercial Property Should investors be worried about higher inflation? Recent strong inflation data have heightened concerns about global price pressures. At present, we think there will be limited impact on short-term property performance. Further out though, higher... 16th June 2021 · 3 mins read
UK Housing Market Focus The outlook for housing in a post-COVID world Even after the immediate threat of COVID has receded, we expect as many as 50% of office-based employees will work from home at least once a week. But the move away from cities and toward the suburbs... 9th September 2020 · 22 mins read
UK Commercial Property Update Property after the pandemic Global property markets are expected to see a lasting impact from the effects of the COVID-19 outbreak. Over the coming weeks, we will publish a series of pieces looking at the post-pandemic future... 15th July 2020 · 3 mins read
China Economics Focus China Property Handbook China’s property sector is central to its economic performance, its demand for many materials and the stability of its financial system. In this updated and expanded Handbook, we discuss the drivers... 9th December 2019 · 41 mins read
