Housing market growth decelerates, indicating potential slowdown

Housing activity grew across all major indicators in June. However, the rate of growth has slowed from the prior month.

Single-family housing authorizations increased 20.95% year over year, but decreased month over month for a third consecutive month, down 2.99%. Existing housing activity also increased year over year but growth decelerated from May, potentially driven by homeowners waiting for home prices to fall before re-entering the market.

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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.

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