On cross-country:
- Conference: Alternative technics on housing and construction during Covid – REFINE
On the US—developments on house prices, rent, permits and mortgage:
- Mortgage Buydowns Are Making a Comeback. Soaring rates have revived interest in a product that fell out of favor after the financial crisis – Wall Street Journal
- Higher mortgage rates depress U.S. single-family housing starts, building permits – Reuters
- Single-Family Permits Continues On A Downward Trend in October 2022 – NAHB
- US Housing Starts, Permits Fall on Slide in Single-Family Homes. Total new construction slips 0.5%, marking third-straight drop. Permit applications for one-family homes lowest since May 2020 – Bloomberg
- In US housing market, homebuilders are wary of starting new projects. Permits to build new houses fell by double digits in November. – Quartz
- Prepare for US house prices to slump, unemployment to spike, and a recession to set in, Harvard economist Kenneth Rogoff says – Markets Insider
- The Normal Seasonal Pattern for Median House Prices – Calculated Risk
- 3rd Look at Local Housing Markets in November. “Median home prices in the Austin-Round Rock MSA experienced a 0% year over year increase” – Calculated Risk
- 10 facts about U.S. renters during the pandemic – Pew Research Center
- Lawler: Early Read on Existing Home Sales in November. Another Step Down for Sales in November – Calculated Risk
- 4th Look at Local Housing Markets in November; California Sales off 48% YoY. Another step down in sales in November – Calculated Risk
- Existing Home Sales Decline Further in November – NAHB
- NAR: Existing-Home Sales Decreased to 4.09 million SAAR in November. Median Prices Down 10.4% from Peak in June 2022 – Calculated Risk
- Existing-Home Sales Dipped 7.7% in November – NAR
On the US—other developments:
- Why This Housing Downturn Isn’t Like the Last One. A postcrisis mortgage-market makeover and an overhaul of the financial system make a repeat of 2008 unlikely – Wall Street Journal
- Homing in on a Housing Recovery. After a miserable year for housing, some reasons for optimism – Wall Street Journal
- The Push of Big City Prices and the Pull of Small Town Amenities – Philadelphia Fed
- Where Are the Most and Least Affordable Homes? A new study compares median home prices against household income, property taxes and mortgage expenses to determine affordability. – New York Times
- Americans Want More Affordable Housing — Just Not Nearby – Five Thirty Eight
- The Size of the Housing Shortage: 2021 Data – NAHB
- In the US, Owning a Home May Not Lead to a Better Life – Insead
- Biden Administration Calls for 25% Cut in Homelessness by 2025. The Biden administration’s new strategic plan to address homelessness includes a focus on equity and a promise to help cities build more housing. – Bloomberg
- America’s Housing Shortage Crisis, in Two Maps. Chronic NIMBYism has left America’s population centers without enough places to live. – Bloomberg
- The Homeownership Society Was a Mistake. Real estate should be treated as consumption, not investment. – The Atlantic
- Housing Sentiment in the Fourth Quarter of 2022 – Freddie Mac
- Nine Percent of New Homes Are Teardowns – NAHB
- Eviction and Poverty in American Cities – Philadelphia Fed
- Evictions in New England and the Impact of Public Policy during the COVID-19 Pandemic – Boston Fed
On China:
- China mulls new measures to support real estate sector – vice premier – Reuters
- China To Correct Past ‘Mistaken’ Housing Policies: Top Economist. Government is changing tone on the property sector: Yao Yang. 2021 policies to curb the sector were ‘mistaken,’ he says – Bloomberg
On other countries:
- [Australia] The Stench of Failure: How Perception Affects House Prices – NBER
- [Australia] Australia’s housing crisis, largely hidden, is getting worse – Reuters
- [Canada] Cities have to expand for house prices to fall – New Geography
- [Israel] House prices keep soaring, marking record 20.3% rise in a year. Dramatic figure comes as other inflationary pressures ease, with consumer prices rising more slowly – The Times of Israel
- [Sweden] Sweden’s Housing Market Seeks Bottom as Price Drop Continues. HOX index shows decline continued for eighth month in a row. Price drop of 15% from the peak also seen in other recent data – Bloomberg
- [United Kingdom] How UK House Prices Could Fall by 30%. There’s plenty of precedent for a steep decline in ‘real’ values. – Bloomberg
- [United Kingdom] UK house prices expected to fall by 8% next year, says Halifax. Lender says market rebalancing after years of growth, as mortgage rates and cost of living push prices down – The Guardian
- [United Kingdom] Debt charities warn over surging mortgage costs for millions of borrowers. Concerns mount after Bank of England increases interest rates to 3.5 per cent – FT
- [United Kingdom] UK mortgage guarantee scheme extended by a year. Ministers delay closure to help first-time buyers facing high interest rates and fewer borrowing options – FT
- [United Kingdom] House prices in central London fell by a quarter over five years. Expensive areas, hardest hit in real terms, will feel the effects of high mortgage rates in 2023 – FT