On the US—developments on house prices, rent, permits and mortgage:
- Biden Courts Another Mortgage Crisis. Housing officials double down on the policies that preceded the crash of 2008. – Wall Street Journal
- The house price slump might be nearly over despite soaring mortgage rates, Goldman Sachs says – Yahoo Finance
On the US—other developments:
- A Housing Bust Comes for Thousands of Small-Time Investors. They were offered the benefits of owning apartment-building rentals without any of the work, in real-estate investments that have already left some people empty-handed – Wall Street Journal
- Existing Home Sales Retreat Amid Mortgage Rate Volatility – NAHB
- US housing: homeowners are the successful hedge funds of the pandemic era. The big winners are those who are happy with their present locations – FT
- Similar Number of Housing Units started in Q1 as ‘Built-for-Rent’ as ‘Built-for-Sale’. Quarterly Housing Starts and Completions by Purpose and Design – Calculated Risk
- New Single-Family Home Size Trending Lower – NAHB
- Final Look at Local Housing Markets in April. California Home Sales down 36% YoY in April, Median Prices Down 7.8% YoY – Calculated Risk
- Just Build the Homes. Public housing is ready to make a comeback. – Slate
- Economic, Housing and Mortgage Market Outlook – Fannie Mae
- Two Key Housing Themes: Low Inventory and Few Distressed Sales – Calculated Risk
On China:
- Effects of the Implementation of the Broadband China Policy (BCP) on House Prices: Evidence from a Quasi-Natural Experiment in China – EconPapers
On other countries:
- [Australia] ‘Significant turnaround’ in Australian house prices defies predictions as demand rises. CoreLogic says if increase is maintained, prices will be 4% higher at the end of 2023, defying forecasts of falls of 10% or more – The Guardian
- [Austria] It Might Look Like Vienna. Soaring real estate markets have created a worldwide housing crisis. What can we learn from a city that has largely avoided it? – New York Times
- [Germany] German Housing Push Falters as Building Permits Slump by a Third. Lobby calls for construction stimulus to prevent job losses. ‘People willing to build are losing heart,’ ZDB lobby says – Bloomberg
- [New Zealand] New Zealand Treasury Now Sees House Prices Declining Into 2024 – Bloomberg
- [Sweden] The Face of Sweden’s Property Bust Fights for $13 Billion Empire. Ilija Batljan’s struggles illustrate the risk of debt-fueled real estate expansion – Bloomberg
- [United Kingdom] The Era of Huge UK House Price Rises Is Ending, Economist Says. David Miles is on the UK budget watchdog’s top committee. He says slower population growth among factors to cool prices – The Guardian
- [United Kingdom] House prices need to fall relative to income, Keir Starmer says. Labour leader accuses Conservative government of killing the dream of home ownership – The Guardian
- [United Kingdom] UK House Prices: Is This a Lull, or The Bottom? House price falls have paused in many markets across the globe. – Bloomberg
- [United Kingdom] Why Britain doesn’t build. The history of attempts to reform planning in Britain is proof that political willpower is not enough: you need to be smart, not just brave. – Work in Progress
- [United Kingdom] How can we make homes more affordable? – London School of Economics