Housing

The heightened risk of another imminent rate hike adds to more pain

They are demanding the government scrap a Bill making evictions easier and ending rent caps on new leases

On average, American families have spent US$1,988 more on the two categories combined than in 2024

Revised proposals will yield about 9,500 public homes and 1,500 private units, with taller blocks on the cards

Residential prices rise 1.4% in Q3 with slowdown in sales; analysts forecast full-year price growth of 3% to 5%

However, borrowing costs remains close to their highest levels since November 2023

Developers sell 1,183 new private homes in the quarter, while stock of completed private residential units is up

Building permits decrease 4% to a rate of 845,000 units, the lowest level since March 2023

The capital has been the UK’s worst-performing housing market this year