New and existing housing activity experienced healthy year-over-year growth in July, yet the pace of growth has slowed in recent months, indicating that the market is stabilizing. 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 level, recovery in new construction has varied in major metros.
Which metro housing markets are ripe for further growth as a result of delayed recovery? Will the delta variant interfere with the return of major cities if more lockdowns are on the horizon?
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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.