After several months of significant growth in 2021, housing activity in June is showing initial signs of potentially cooling off. Although housing activity continued to increase across major indicators, the pace of growth has decelerated from the prior month. “The housing supply is declining at a slower pace and home price increases have also slowed—a …
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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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