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

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

US Housing Market Update

Latest data offer little optimism for apartment rents

The latest apartment rent data are consistent with our view that rental growth will be sluggish this year. Although single-family rent growth has fared better, we suspect it will soon start to slow...

21st May 2024 · 2 mins read

US Housing Market Rapid Response

US Housing Starts (Apr. 2024)

The modest rebound in housing starts in April confirmed that the slump the month before was a weather-related blip. But the recovery wasn’t as strong as we had anticipated, which potentially casts...

16th May 2024 · 2 mins read

US Housing Market Chart Pack

US Housing Market Chart Pack (Apr. 2024)

Mortgage rates climbed back above 7% last month but we think that trend will soon reverse, with rates falling to 6.5% by year-end. Lower borrowing costs will draw more mortgaged buyers into the market...

14th May 2024 · 1 min read

US Housing Market Chart Pack

US Housing Market Chart Pack (Mar. 2024)

Even if mortgage rates fall to 6.5% this year as we expect, homeowners will still be discouraged from listing their home, ensuring supply remains tight. At the same time, mortgaged buyer demand should...

18th April 2024 · 1 min read

US Housing Market Rapid Response

US Housing Starts (Mar. 2024)

Housing starts weren’t able to build on the strong performance of the previous month in March, falling by the largest monthly amount since April 2020 in the early days of the pandemic. Although some...

16th April 2024 · 2 mins read

UK Housing Market Update

UK RICS Residential Market Survey (Mar. 24)

Cautious optimism from surveyors on prices and activity The slight increase in the balances for past prices and new buyer enquiries in the RICS Residential Market Survey for March showed that demand...

11th April 2024 · 3 mins read

US Commercial Property Apartment Metros Outlook

Houston climbs to the top of the apartment rankings

We expect a surge in completions and a slowdown in employment growth to push vacancy higher in most of our 17 metros over the next year or so. Atlanta and Houston are two key exceptions to this rule...

4th April 2024 · 7 mins read