Throughout this cycle, US housing has defied expectations. Overall home prices have never fallen since the pandemic, even as the Fed has conducted its second most aggressive tightening campaign in history. Today, home price…
Developments in US multi-family housing are particularly relevant for the inflation outlook since they inform the future direction of shelter inflation – an important component of CPI inflation. Indeed, the Zillow multi-…
In this note, we preview the Q1-2024 earnings season, give our take on expectations and share what we will be watching.
According to BCA Research’s Emerging Markets Strategy service, peaking property prices will remove the sole tailwind behind the Emirati Stock Market. Over the past couple of years, the Emirati stock market has been…
Fears of a hard landing are abating as growth has been surprising to the upside. New worries are emerging, such as the trajectory of disinflation, and the pace and timing of rate cuts. In this environment, it is important to build a…
The equity rally extended into March as hard landing outcome was priced out. It has broadened, as money flowed into less over-loved pockets of the market. Our models signal that margins are about to stabilize, and earnings growth…
According to BCA Research’s China Investment Strategy service, the adjustment in China’s real estate sector is not over. Odds are that the property market will contract for the fourth year in a row. The property…
Indicators continue to point to resilient US housing market dynamics. The NAHB Housing Market Index increased for the fourth consecutive month to an 8-month high of 51 in March, beating expectations it would remain unchanged at…
The latest MBA weekly survey shows mortgage applications rose 7.1% in the week ending March 8 on the back of a 4.7% increase in purchases and a 12.2% rise in refinancing, marking the second consecutive weekly increase. Higher…