US Housing Market Chart Pack US Housing Market Chart Pack (Jul. 2024) A pullback in buyer demand paired with rising supply has cooled the market, causing house price inflation to ease. However, the recent sharp decline in mortgage rates will offset some of that softness... 6th August 2024 · 1 min read
UK Commercial Property Rapid Response S&P Global/CIPS Construction PMI (Jul 24) 6th August 2024 · 1 min read
Japan Economics Focus Rental growth will continue to lag income growth While faster wage growth should eventually result in a significant pick-up in rental inflation, it seems likely that rental growth will trail income growth for the foreseeable future. That means that... 5th August 2024 · 9 mins read
Europe Commercial Property Update Office conversion proceeding faster than expected We have been sceptical of the viability of conversion of excess office space into residential units. But the latest figures indicate that, despite marginal financials, there may have been more... 1st August 2024 · 6 mins read
UK Housing Market Rapid Response UK Nationwide House Price Index (Jul. 2024) 1st August 2024 · 4 mins read
Australia & New Zealand Economics Update Australia CoreLogic House Prices (Jul.) Australian house prices gained a bit of momentum in July. However, leading indicators continue to suggest that the housing market will cool markedly in the months ahead. Even if house price growth... 1st August 2024 · 3 mins read
US Commercial Property Update Elevated insurance premiums continue to hit valuations The rise in severe weather events over the last five years has left property insurers scrambling to price-in physical risks, causing premium growth to reach a 20-year high. While we think the worst is... 31st July 2024 · 3 mins read
US Housing Market Update Strong supply weighing on house prices in the Sun Belt Significant homebuilding in the Sun Belt region over the past three years has restored housing inventory to pre-pandemic levels, which is why house prices there have stalled. In contrast, markets in... 30th July 2024 · 4 mins read
US Housing Market Rapid Response Case-Shiller/FHFA House Prices (May 2024) Another moderate 0.3% m/m rise in house prices in May adds to the evidence that sellers are losing their grip on the market due to increasing supply. Do not write our forecast for a 5% gain in house... 30th July 2024 · 1 min read
UK Economics Rapid Response UK Money & Lending (Jun. 2024) June’s money and lending data provided a bit more evidence that the drag from higher activity is starting to fade, which supports our view that the economic recovery may be a bit stronger than most... 29th July 2024 · 3 mins read
US Housing Market Rapid Response New Home Sales (Jun. 2024) New home sales were essentially unchanged in June after their 15% slump the month before, not helped by mortgage rates which remained stubbornly high at around 7%. So far in July, borrowing costs have... 24th July 2024 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (Jun. 2024) The sharp rise in mortgage rates in April was the catalyst for existing home sales falling to a 13-year low in June. However, borrowing costs have since receded and timelier indicators of activity... 23rd July 2024 · 2 mins read
Australia & New Zealand Economics Update Making sense of Australia’s two-speed housing cycle Much of the recent resilience in Australia’s house price growth can be attributed to a handful of capital cities where the property markets have gone from strength to strength. We believe that there... 23rd July 2024 · 4 mins read
UK Housing Market Outlook Housing market to surpass expectations in 2025 House prices will probably remain flat for the rest of 2024, but lower mortgage rates will provide scope for prices to beat expectations next year. Indeed, our forecast that Bank Rate will be lowered... 22nd July 2024 · 17 mins read
UK Economics Weekly Slump in new homes makes housing target a stretch Given the UK recently got much closer to the government’s target of building 300,000 homes a year than is acknowledged, you might think that the Planning and Infrastructure Bill announced in the King... 19th July 2024 · 5 mins read
