New and existing housing activity experienced healthy year-over-year growth in July, yet the pace of growth has slowed in recent months, indicating that the market is stabilizing. This time last year, housing activity showed the first signs of growth following the initial shocks of the COVID-19 pandemic. While housing activity has continued its upward trajectory …
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Housing activity grew across all major indicators in June. However, the rate of growth has slowed from the prior month. Single-family housing authorizations increased 20.95% year over year, but decreased month over month for a third consecutive month, down 2.99%. Existing housing activity also increased year over year but growth decelerated from May, potentially driven …
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In May, single-family housing authorizations grew 25.88% year over year. However, housing starts have lagged permit volumes, which has slowed growing the housing stock. Prolonged inventory shortages and sky-high home prices have pushed homebuyer sentiment to record lows. Meanwhile, remodeling activity grew across most major metros, with Philadelphia and Chicago experiencing the most substantial growth …
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The housing market strongly grew across almost all major indicators in April, with maintenance and remodeling activity skyrocketing relative to steep declines in activity experienced this time last year. Both new and existing housing activity have increased for nine consecutive months, which has helped create the dwindling buildings materials supply that may dampen future market …
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