Housing View – November 29, 2024

On cross-country:

  • BIS residential property price statistics, Q2 2024 – BIS
  • Home prices set to rise in Singapore, Hong Kong, Australia in 2025 – Yahoo News 


Working papers and conferences:

  • Why Has Construction Productivity Stagnated? The Role of Land-Use Regulation – NBER
  • The Amplifying Effect of Spatial Planning Restrictions on House Prices and Rents – SSRN
  • Energy Price Shock and Housing Market Dynamics: Evidence from Germany – SSRN


On the US—developments on house prices, rent, permits and mortgage:    

  • US Housing Outlook – Apollo
  • Zillow’s Housing Market Predictions for 2025. Zillow predicts more buyers will come out ahead in a bumpy 2025, but unpredictable mortgage rates cloud the picture – Zillow
  • Preliminary 2025 Housing Forecasts – Calculated Risk
  • 5 housing markets to watch in 2025. The Sun Belt continues to draw the most new residents — and investments – Quartz
  • Housing struggles to stave off headwinds. The November Economics Insider deep dives into the impact of high mortgage rates and home prices on the housing market. While some near-term respite is likely, long-term hurdles will remain. – Deloitte
  • Economic, Housing and Mortgage Market Outlook – Freddie Mac
  • Seventh Straight Month of Yearly Deceleration in Home Prices – NAHB
  • S&P CoreLogic Case-Shiller Index—Home Prices Up 3.9% in September – Realtor.com
  • Case-Shiller: National House Price Index Up 3.9% year-over-year in September – Calculated Risk
  • US monthly house prices rise strongly in September – Reuters
  • Housing market shift: Where home prices are actually falling. Some regional housing markets in Texas, Florida, and Louisiana, are experiencing mild home price corrections. – Fast Company
  • US Home-Purchase Applications Rise to Highest Since February – Bloomberg
  • Best Quarter for Multifamily Missing Middle Construction in 17 Years – NAHB
  • Single-Family Home Size Nearing Turning Point? – NAHB
  • Final Look at Local Housing Markets in October and a Look Ahead to November Sales – Calculated Risk
  • October 2024 Rental Report: Rents Continue to Fall, With More New Units Expected in 2025 – Realtor.com
  • New Home Sales Decrease Sharply to 610,000 Annual Rate in October. Median New Home Price is Down 5% from the Peak due to Change in Mix – Calculated Risk
  • October New Home Sales Down on Higher Rates – NAHB
  • Make it count: Measuring our housing supply shortage – Brookings
  • New-Home Sales Cool Down in October – Realtor.com
  • Small Gain for Multifamily Built-for-Sale Construction – NAHB
  • Apartment Completions Rise Resulting in Slower Absorption Rates – NAHB


On the US—other developments:    

  • N.Y.C. Housing Plan Moves Forward With an Unexpected $5 Billion Boost. A City Council committee passed a major proposal that would ease restrictions on housing growth in New York. The full Council is likely to approve it next month. – New York Times
  • Brooklyn Needs Housing. She Has a Vacant Lot. Why Can’t She Build? A property owner’s effort to develop an apartment building in a popular neighborhood has been stymied for years. She may just give up. – New York Times
  • HUD’s Authority Rests on a House of Cards. Where in the Constitution is there any authority to govern “housing and urban development”? – Wall Street Journal
  • The Enigma of the Slum in Postwar America – Harvard Joint Center for Housing Studies
  • The Future of Homebuilding: Domestic Migration Is Driving the Housing Market – Realtor.com
  • Could Donald Trump crush the US property market? – Financial Review
  • How the Trump administration might affect D.C.’s housing market – Axios
  • A Decade of Soaring Home Prices: Where Affordability Still Thrives – National Association of Realtors
  • Fannie and Freddie: Single Family and Multi-Family Serious Delinquency Rates Increased in October – Calculated Risk 
  • U.S. housing affordability to worsen even as price rises slow: Reuters poll – Reuters
  • A Housing Crisis Deepens, and a Reporter Digs In. To really communicate with people about the many problems arrayed across the housing landscape, we needed to cut through the noise. – New York Times 


On Australia and New Zealand:

  • [Australia] Suburbs where home values plunged – and set a trap for buyers – The Sydney Morning Herald
  • [Australia] Sydney and Melbourne house prices tipped to fall in 2025. But SQM research report warns that prices in other Australian capitals are likely to surge, depending on interest rates and population growth rates – The Guardian
  • [Australia] New home construction slumps to near 40-year low in Australia as renovation spending booms. ‘This indicates that there is not enough money and resources being attracted to expanding the housing stock,’ urban economist says – The Guardian


On other countries:  

  • [Brazil] A Look Overseas: The Brazilian Real Estate Tech Ecosystem. Trends and lessons from the evolution of real estate tech in Latin America’s largest market – Thesis Driven
  • [Germany] German home prices to climb 3% next year on lower rates: Reuters poll – Reuters
  • [Ireland] Canadian Relentless house price rises continue with another hike of 10pc – Irish Independent
  • [Pakistan] Rebuilding Homes and Strengthening Communities: An Integrated Approach to Pakistan’s Housing Reconstruction – Development Asia
  • [United Kingdom] UK property sector hit by fears of resurgent inflation. Big housebuilders have shed billions in value since October Budget – FT

Posted by at 5:00 AM

Labels: Global Housing Watch

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