US Housing Market Rapid Response Mortgage Applications (Jul. 2024) July was a disappointing month for mortgage activity overall, with earlier high borrowing costs causing home purchase applications to slide by 5.4% m/m. All the attention, however, will be on the last... 7th August 2024 · 2 mins 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 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
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
US Housing Market Rapid Response Housing Starts (Jun. 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 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
US Housing Market Rapid Response US Mortgage Applications (June 2024) The decline in mortgage rates back below 7% helped mortgage applications for home purchase to rise by 5.1% m/m in June. That gain was tiny in the context of the ongoing three-year slump in... 3rd July 2024 · 2 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Apr. 2024) The second consecutive moderate 0.3% m/m rise in house prices in April could be a sign that the increase in home listings this year has cooled the market. We think rising supply will eventually be... 25th June 2024 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (May 2024) Existing home sales were essentially flat in May which is somewhat puzzling given that pending home sales and home purchase mortgage applications, which lead transactions by a month, both fell... 21st June 2024 · 1 min 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 Housing Market Rapid Response US Mortgage Applications (May 2024) The decline in mortgage rates in May was not enough to stop home purchase mortgage applications from falling to a three-month low. The chances of a quick turnaround in June currently look slim, as the... 5th June 2024 · 2 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 Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Mar. 2024) The solid 0.3% m/m rise in house prices in March suggests that competition among buyers for the limited number of second-hand homes on the market remains strong. We expect that to continue for the... 28th May 2024 · 2 mins read
US Housing Market Rapid Response US Existing Home Sales (Apr. 2024) The drop in existing home sales in April will be followed up by further falls in the coming months, supporting our view that the recovery in transactions we expect this year will be concentrated in... 22nd May 2024 · 2 mins read
