New and existing housing activity fell, yet again, in May. However, other housing indicators—including existing home sales, construction jobs, mortgage locks, homebuilder sentiment, and more—started to show improvement, an indication that the recent slump in housing activity may be short-lived. Existing maintenance and remodeling activity was no exception. While these indicators experienced year-over-year declines in May, they didn’t decline to the extent they did in April.
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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.