Housing activity, across a majority of indicators, fell in June, however the data tells a more nuanced story. The number of single-family housing authorizations experienced the steepest year-over-year decline in recent history. Meanwhile, existing housing activity remained relatively flat, a major improvement from a more than 20% decline just two months prior. The next few months will make clear whether new housing supply will continue to sink.
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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.