Single-family housing authorizations increased 2.70% year over year in March, although the pace of growth slowed from February. While one month of slowed growth is not necessarily indicative of a trend, it could suggest a turning point, just as the Federal Reserve’s tightening monetary policy is shifting to decrease demand.
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The report leverages U.S. property condition and history data to provide insights into macro- and microeconomic trends affecting the U.S. housing market.