In October, single-family housing authorizations remain relatively unchanged year over year, and the pace of growth has slowed since May. The current supply of homes on the market remains historically low, putting upward pressure on prices due to strong demand and supply-side constraints. Looking ahead, it is likely that higher inflation from housing will continue.
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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.