Each quarter Standard & Poor financial consultancy DRI updates regional housing forecasts for the current year and the next for housing transactions, starts and prices – exclusively for plastics manufacturer Wavin.

DRI then scores each region's housing economy, marking one star for worst performer, five stars for best. DRI uses its own econometric model which responds to 30 pointers, such as industrial orders, employment levels and net reservations of new homes. Building Homes publishes this profitable information after every quarter as the Osma Regional Housing Forecast.

2000 FOURTH UPDATE: KEY FINDINGS AND FORECASTS

  • Market conditions continued to weaken into the third quarter, although there are signs of a settling down. “We expect housing demand to regain momentum after the first quarter of next year, albeit growing at a more modest pace,” says DRI.
  • The slowdown has been more pronounced in Southern regions but house prices are still predicted to show growth of 17.9% in the South East this year. Next year house price growth of 6.2% is forecast
  • A 17% rise in house prices in 2000 is also forecast for Greater London, but next year’s prediction is a 6.1% gain.
  • Scotland is predicted to have a strong 2001, allowing it to catch up on price. Values are forecast to rise 5.7%, outpacing the average 4.7%.
  • Next year North West house price growth of 5% is predicted and a rise in transactions of 6.5%.
  • In the North demand remains solid but price growth remains poor, with a rise of just 0.7% anticipated for 2000. In 2001 price growth is expected to show a rise of 3.9%

Downloads

Download

Source

Building Homes