North America | Affordable housing will get increasingly harder to find
Our new North America Housing Affordability Indices (HAIs) show affordability improved across the region early in the pandemic but will fall as home price inflation outpaces income growth and rising mortgage rates limit borrowing capacity. Our HAIs provide a consistent, cross-country framework for gauging affordability in the US and Canada at the national, regional, and local levels.
What you will learn in this comprehensive 4 page report:
- Housing affordability will fall in the US and Canada in 2021 and 2022
- Housing demand is meaningfully outpacing the stock of homes for sale
- Housing is least affordable in Vancouver, Toronto, and several US West Coast metros
Tags:
Related Services
Post
Bank of Japan resumes rate normalisation, cautiously
The Bank of Japan raised the policy rate by 0.25ppts to 0.5% at Friday's meeting, as we expected. We maintain our call that the central bank will hike the rate again to 0.75%, most likely in July after the outcome of the Spring Wage Negotiation is confirmed, especially for small firms.
Find Out More
Post
Tariffs won’t cause a burst in producer prices in the Eurozone
Potential US tariffs would be disruptive for the eurozone economy as a whole, but we think their inflationary impact is likely to be contained. As US imports account for around 10% of total extra-EU imports, we estimate a 10% across-the-board tariff would only increase the producers prices index by 0.5%.
Find Out More