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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In May, housing activity significantly increased, year over year, across all major indicators. Despite strong growth, intense housing supply shortages and sky-high prices still plague the market and pushed homebuyer sentiment to records lows in May. Although single-family housing authorizations are up 25.88%, year over year, housing starts are lagging new construction permits, prolonging inventory …
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Housing activity grew significantly across almost all major indicators in April, with single-family housing authorizations up 18.39%, year over year. In existing housing activity, drastic upswings in the month of April are relative to the drop in activity seen this time last year, when the market felt the first shocking impacts of COVID-19. The pandemic …
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