US Housing Market Rapid Response Housing Starts (Aug. 2024) The large rise in housing starts in August was due to a rebound in starts in the south, confirming that the July slump was a temporary disruption caused by Hurricane Beryl. The increase in permits... 18th September 2024 · 2 mins read
US Commercial Property Outlook Apartments to top the charts with total returns of 9.5% p.a. There are tentative signs of improvement in the investment market, but we continue to think refinancing requirements will weigh on transactions. We still think appraisal-based valuations need to... 12th September 2024 · 21 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
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q3 24) While investment has tentatively turned a corner, subdued activity and further rises in cap rates mean 2024 will still be a tough year. All-property values are down by 18% from their mid-2022 peaks... 14th August 2024 · 1 min read
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
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 Rapid Response US Housing Starts (June 2024) The rise in housing starts and building permits in June is not as good as it seems at first glance, as it was driven by gains in the volatile multi-family sector, which we think will prove temporary... 17th July 2024 · 2 mins read
US Commercial Property Update Flight to more affordable South set to continue Many households have left western metros in favor of those in the South over the past two years. With remote working looking like a permanent fixture of office-based jobs and affordability... 16th July 2024 · 4 mins read
US Housing Market Outlook Market still tight, but slowly moving towards balance We expect mortgage rates to continue falling, but not by enough to fully offset the effects of mortgage rate ‘lock-in’. As a result, although we expect existing home sales to rebound, we forecast that... 16th July 2024 · 15 mins read
UK Housing Market Update The shape of Labour's housing policy The overarching theme of the Labour government’s housing policies will be a rebalancing of rights in favour of tenants and aspiring homeowners at the expense of landowners and landlords. That said... 3rd July 2024 · 3 mins read
Global Commercial Property Chart Pack Global Commercial Property Chartpack The slower adjustment to past rises in interest rates and a sharper hit to office demand is set to weigh on US property returns over the next couple of years. Overall, the UK is set to outperform over... 3rd July 2024 · 1 min read
US Commercial Property Apartment Metros Outlook Houston and Chicago top the apartment rankings Across the 17 metros we cover, most will see higher vacancy over the next year or so due to a surge in completions. Atlanta and Houston will be the key exceptions. There new construction has plummeted... 2nd July 2024 · 6 mins read
US Housing Market Rapid Response US Housing Starts (May 2024) The drop in housing starts in May is consistent with the recent slowdown in permit issuance, pointing to construction continuing to falter this year. 20th June 2024 · 2 mins read
US Commercial Property Outlook Property values on course to fall by more than 25% The market remains in the doldrums, with the mood negative and activity weak. We think this summer could be the bottom for transactions, but we still see valuations needing to fall by another 12% from... 11th June 2024 · 21 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (May 2024) The tick up in mortgage rates since the start of the year has caused demand to soften. As a result, house prices are likely to tread water over the coming months. But our forecast that Bank Rate will... 29th May 2024 · 1 min read
US Commercial Property Chart Pack US Commercial Property Chart Pack (Q2 24) Weak investment activity and continuing cap rate rises in Q1 fit with our view for another tough year for real estate. All-property values are now down by 17% from their mid-2022 peaks. But we still... 22nd May 2024 · 1 min read