New and existing home construction experienced increases across the board in February, despite the annual inflation rate reaching its highest level in nearly 40 years. Remodel activity notably increased, breaking a six-month streak of consecutive year-over-year declines, aligning with a rebound in home seller sentiment. However, recent geopolitical events could negatively impact the housing market outlook, including even greater inflationary pressure.
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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.