Housing activity continues to show signs of stabilizing as the pace of growth has slowed in recent months. While new construction and maintenance activity showed healthy increases in August, remodel volumes experienced the first, albeit slight, year-over-year decrease for the first time since June 2020. This decline could suggest that consumer confidence in the housing market is waning, as high inflation puts upward pressure on the cost of building materials.
For more information on U.S. housing activity, download the full report.
The BuildFax Housing Health Report leverages U.S. property condition and history data to provide insights into macro- and microeconomic trends affecting the U.S. housing market.