Thursday, 07 December 2017 09:13

Builder confidence moves lower in Q4

The FNB/BER Building Confidence Index fell to 31 in 4Q2017, from 35 in 3Q2017.

According to StatsSA CPI (Consumer Price Index) figures, residential rental inflation has been outstripping average house price inflation of late.

The Sectional Title Home Market appears to be opening up a wider gap in terms of the house price inflation differential between itself and that of the Full Title Home Market.

The 3rd Quarter 2017 FNB Estate Agent Survey continued to point strength in levels of those sellers believed to be selling homes in order to downscale due to “life stage”.

On a national average basis, a continuation of the gradual rise in average time of homes on the market prior to sales points to a housing market moving away from equilibrium, and into a space where supply exceeds demand.

Thursday, 21 September 2017 22:22

John Loos comments on the unchanged Repo Rate

SARB leaves Repo Rate unchanged after only 1 x 25 basis point cut in the current cutting cycle. Weak consumer confidence likely to remain, and shift to a more cautious consumer expected to continue says John Loos, Household and Property Sector Strategist.

Examining recent years’ of improvement in both the Household Sector Debt-to-Disposable Income Ratio (decline) as well as the Household Sector Net Savings Rate (rise), it would appear that weak consumer confidence levels in a stagnant economy are encouraging households as a collective towards a more cautious financial approach.

After declining by 11 points in 2Q2017, the FNB/BER Building Confidence Index improved by 3 index points to 35 in 3Q2017.

2nd Quarter 2017 SARB New Mortgage Lending data, released in the latest SARB Quarterly Bulletin, showed a renewed slowing in the year-on-year growth rate into negative territory in the 2nd quarter, after a briefly positive growth rate in the 1st quarter of 2017.

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