Housing activity continues to show signs of stabilizing as the pace of growth has slowed in recent months. While new construction and maintenance activity showed healthy increases in August, remodel volumes experienced the first, albeit slight, year-over-year decrease for the first time since June 2020. This decline could suggest that consumer confidence in the housing …
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Housing activity showed healthy growth in August, although the pace of growth has decelerated in recent months—an indication of market stabilization. New and Existing Housing Supply Activity, August 2021 Single-family housing authorizations increased 9.05% year over year. Existing housing maintenance volume increased 2.50% year over year. Existing housing remodel volume slightly decreased 0.19% year over …
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