Following two unprecedented and unpredictable years, some major unknowns loom over the housing market, including rising inflation. The consumer price index rose 6.8% year-over-year in November – the greatest 12-month increase since 1982. Higher than expected inflation in 2022 could dampen the housing market outlook, and there are concerns about whether new construction can sustain... Read More
Homebuilder confidence unexpectedly jumped in October, despite expensive building materials and acute labor shortages that continue to strain the construction industry. Homebuilders have struggled to meet strong consumer demand that was perpetuated by the COVID-19 pandemic, as the current supply of homes on the market remains historically low. This month, single-family housing authorizations remained relatively... Read More
Housing activity was largely positive in September, although the pace of growth has slowed from its white-hot trajectory following the COVID-19 pandemic. New and existing housing supply activity, September 2021 Single-family housing authorizations increased 6.81% year over year. Existing housing maintenance volume increased 2.01% year over year. Existing housing remodel volume slightly decreased 0.22% year... Read More
Housing activity showed healthy growth in August, although the pace of growth has decelerated in recent months—an indication of market stabilization. New and Existing Housing Supply Activity, August 2021 Single-family housing authorizations increased 9.05% year over year. Existing housing maintenance volume increased 2.50% year over year. Existing housing remodel volume slightly decreased 0.19% year over... Read More
The housing market showed healthy year-over-year growth across new and existing housing activity in July, although the pace of growth slowed in recent months. This time last year, housing activity showed the first signs of growth following the initial shocks of the COVID-19 pandemic. While housing activity has continued its upward trajectory at the national... Read More
After several months of significant growth in 2021, housing activity in June is showing initial signs of potentially cooling off. Although housing activity continued to increase across major indicators, the pace of growth has decelerated from the prior month. “The housing supply is declining at a slower pace and home price increases have also slowed—a... Read More
