Single-family housing authorizations increased in May, but the pace of year-over-year growth has slowed in recent months in step with declining homebuilder sentiment. Affordability challenges posed by rising mortgage rates, high home prices, and expensive building materials have weakened buyer demand. It is likely the housing market will remain at a slower pace than what... Read More
Maintenance volumes experienced the first, albeit slight, year-over-year decline for the first time since May 2020, which could be an indication that consumer confidence in the housing market is shifting. This comes at an inflection point in the housing market as rising interest rates decrease housing affordability. Download the full report for the latest insights... Read More
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. Download the full report for... Read More
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... Read More
New construction edged higher in January, although homebuilder confidence dipped as inflation concerns mounted. The combination of higher building material costs, worsening labor shortages, and rising mortgage rates point to another competitive year in the housing market. Download the full report for the latest insights on U.S. housing activity. The BuildFax Housing Health Report leverages... Read More
