Australia & New Zealand Economics Weekly Capacity pressures to persist despite housing weakness This week’s data will likely have reinforced the RBA’s view that tighter financial conditions are weighing on the housing market. But we doubt that housing wealth effects will push consumption much... 3rd July 2026 · 4 mins read
UK Housing Market Update Council house building unlikely to be as big as Burnham promises Andy Burnham’s plans to deliver a big increase in council house building to post-Second World War levels will be expensive and would almost certainly require a chunky rise in public borrowing. The... 2nd July 2026 · 3 mins read
UK Housing Market Rapid Response UK Nationwide House Prices (Jun. 2026) The stagnation in the Nationwide measure of house prices in June (CE -0.2%, consensus 0.0%) shows that the rise in mortgage rates triggered by the Iran war continues to weigh on the housing market... 1st July 2026 · 3 mins read
Australia & New Zealand Economics Update Australia’s housing downturn has further to run Australian house prices continued to decline in June, and we think they won’t bottom out until early next year. Although much ink has been spilt about recent housing tax changes, they have yet to have... 1st July 2026 · 3 mins read
US Housing Market Rapid Response US Case-Shiller/FHFA House Prices (Apr. 2026) Pause in house price falls will be temporary The unchanged level of house prices in April was a slightly better result than we had been predicting and reinforced our view that a sustained downturn in... 30th June 2026 · 2 mins read
UK Housing Market Chart Pack UK Housing Market Chart Pack (Jun. 2026) The continued weakness in some leading indicators of buyer sentiment suggests that the risks to our view that house prices will rise by 1.5% in the year to Q4 2026 lie to the downside. However, if... 29th June 2026 · 1 min read
China Chart Pack China Chart Pack (June 2026) China’s economy is growing at a slower rate than the official figures show, but growth has held steady at around 3% for the past year. Exports continue to surge on the back of strong global demand for... 26th June 2026 · 1 min read
Australia & New Zealand Economics Weekly RBA still set to hike, housing tax changes pass Australia’s latest activity and labour market data continue to point to softer momentum, but the CPI figures suggest that underlying inflation pressures have not yet been tamed. Accordingly, we still... 26th June 2026 · 4 mins read
Australia & New Zealand Economic Outlook Central banks to hike as inflation concerns dominate The RBA has already shifted policy back to restrictive territory and we expect it to tighten settings a bit further, as it seeks to ensure that activity slows sufficiently to bring inflation under... 25th June 2026 · 20 mins read
Canada Economics Update Housing Watch (Jun. 2026) The housing market showed firmer signs of improvement in May and, with oil prices dropping back sharply in the past week, there is now a lower chance that the Bank of Canada will be forced to spoil... 16th June 2026 · 4 mins read
US Housing Market Rapid Response US Housing Starts (May 2026) Looking past the volatility in multifamily starts, the latest batch of data suggest the housing market is just about weathering the latest rise in mortgage rates. 16th June 2026 · 1 min read
Australia & New Zealand Economics Weekly A cooling housing market but the RBA’s job isn’t done Australian consumers remain deeply pessimistic, particularly about the housing market, with house price expectations falling to a three-year low and auction clearance rates continuing to weaken. Even... 12th June 2026 · 5 mins read
UK Housing Market Update UK RICS Residential Market Survey (May 2026) While May’s RICS housing market survey shows that the worst of the falls in buyer sentiment may be in the past, a number of leading indicators continue to suggest that the risks to our forecast for... 11th June 2026 · 3 mins read
US Housing Market Chart Pack US Housing Market Chart Pack (June 2026) The rise in mortgage rates since the start of the Iran War will worsen already-stretched housing affordability. This will weigh on housing activity over the next couple of quarters and presents a... 10th June 2026 · 1 min read
US Housing Market Rapid Response US Existing Home Sales (May 2026) The rise in existing home sales in May was a bit stronger than we expected but, given the further increase in mortgage rates in recent weeks, we remain concerned about the downside risks to our... 9th June 2026 · 2 mins read
UK Housing Market Rapid Response UK Halifax House Prices (May 2026) The modest fall in the Halifax measure of house prices in May shows that the rise in mortgage rates triggered by the Iran war continues to weigh on the housing market. 5th June 2026 · 3 mins read
