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 …
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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 …
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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 …
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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 …
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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 …
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The supply-demand imbalance propelled housing activity in 2021. While new construction activity saw tremendous growth, activity plateaued in recent months as homebuilders continue to face headwinds from supply-chain disruptions, expensive building materials, and severe labor shortages. Download the full report for the latest insights on U.S. housing activity. The BuildFax Housing Health Report leverages U.S. …
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As 2021 ends, there are concerns about whether homebuilding can sustain its pace amid inflationary pressures. This month, maintenance and remodel project costs jumped as homebuilders continue to face headwinds from supply-chain disruptions, labor shortages, and expensive building materials. Higher than expected inflation in 2022 could dampen the housing market outlook and further exacerbate the …
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In October, single-family housing authorizations remain relatively unchanged year over year, and the pace of growth has slowed since May. The current supply of homes on the market remains historically low, putting upward pressure on prices due to strong demand and supply-side constraints. Looking ahead, it is likely that higher inflation from housing will continue. …
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Housing activity was largely positive in September, although the pace of growth has slowed from its white-hot trajectory following the COVID-19 pandemic. New construction increased alongside an uptick in homebuilder confidence, and existing housing activity showed healthy growth with pool construction surging compared to pre-pandemic levels. Although the spread of the delta variant and rising …
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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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