US Housing Market Update US Pending Home Sales & Mortgage Apps. (Jul. 2026) The renewed rise in mortgage rates in July squeezed would-be home buyers’ budgets, causing pending home sales and purchase mortgage applications both to fall. This points to further downward pressure... 18th August 2026 · 2 mins read
Canada Economics Update Housing Watch (Aug. 2026) The latest data provide a bit more reassurance that the housing market is past the worst, but the renewed rise in five-year bond yields suggests that higher mortgage rates will soon temper the... 18th August 2026 · 3 mins read
US Housing Market Rapid Response US Housing Starts (Jul. 2026) Sharp declines in both single- and multi-family starts in July suggest developers were wary of starting new projects amid the renewed rise in mortgage rates. But stronger permit issuance across both... 18th August 2026 · 2 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Aug. 2026) We expect the recent softening in house price growth to continue over the rest of this year as mortgage rates fall only gradually. In fact, the lack of a sustained recovery in buyer sentiment suggests... 18th August 2026 · 1 min read
Australia & New Zealand Economics Weekly Housing downturn will prevent further RBA tightening With the RBA still sounding hawkish, investors think that another rate hike over the coming months is more likely than not. However, we are reluctant to bet against history as the Bank has rarely... 14th August 2026 · 6 mins read
UK Housing Market Update UK RICS Residential Market Survey (Jul. 2026) July’s RICS survey shows that the near-term housing outlook remains weak and the risks to our forecast that house prices will rise by 1.5% in the year to Q4 2026 are still skewed to the downside. But... 13th August 2026 · 3 mins read
US Housing Market Outlook Housing recovery still some way off Strengthening economic growth will not provide much of a lift to the housing market, which we expect to remain in its structural malaise as mortgage rates stay above 6% over the forecast period. We... 12th August 2026 · 11 mins read
US Housing Market Rapid Response US Existing Home Sales (Jul. 2026) The modest fall in existing home sales in July will probably be followed by further declines in the next few releases, reflecting the steady rise in mortgage rates through June and July, which reached... 11th August 2026 · 2 mins read
UK Housing Market Rapid Response UK Lloyds House Prices (Jul. 2026) The stagnation in the Lloyds measure of house prices (recently rebranded from Halifax) in July chimes with the message from the alternative Nationwide house price index that high mortgage rates... 7th August 2026 · 3 mins read
UK Commercial Property Rapid Response S&P Global/CIPS UK Construction PMI (July 26) There was a sharp rebound in the construction PMI in July, with the headline measure bouncing back to 44.7, not far off its average level in the first three months of the year. However, although we... 6th August 2026 · 1 min read
RBA Watch RBA’s next move will be down, but not until H2 2027 We expect the RBA to leave rates on hold at its August meeting. Although the Bank is likely to continue talking tough on inflation for a while, we don’t think it will go so far as to raise rates again... 4th August 2026 · 8 mins read
Event US Commercial Real Estate Drop-In: Where to find outperformance in a sluggish recovery 12th August 2026, 3:00PM BST US commercial real estate values have moved largely sideways since the start of 2025, making this one of the weakest recoveries of the modern era.
Australia & New Zealand Chart Pack ANZ Chart Pack (August 2026) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. Data released over the past month showed that Australia's labour market, housing market, and... 3rd August 2026 · 1 min read
Australia & New Zealand Economics Update Housing downturn will prevent further rate hikes Australian house prices kept falling at a rapid pace in July. With affordability still very stretched and leading indicators flashing red, the downturn has much further to run. 3rd August 2026 · 3 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (Jul. 2026) The small 0.1% m/m rise in the Nationwide measure of house prices in July shows that higher mortgage rates since the start of the Iran war continued to constrain house price growth. And with the... 31st July 2026 · 2 mins read
Australia & New Zealand Economics Weekly RBA is done hiking rates Underlying inflation in Q2 didn’t pick up nearly as much as the RBA had expected. Although the path to disinflation is likely to be bumpy, we think the Bank will judge policy sufficiently restrictive... 31st July 2026 · 5 mins read
