By the Numbers

NAHB: Builder confidence drops again on materials costs, supply-chain woes
NAHB: Builder confidence drops again on materials costs, supply-chain woes

July’s reading of 80 was down one point from June, but still signaled strong demand for housing, the National Association of Home Builders said.

Redfin: Housing market could be reaching something of an equilibrium
Redfin: Housing market could be reaching something of an equilibrium

During the four-week period ended July 11, the average weekly share of homes for sale with a price drop passed 4% for the first time since September 2020.

Mortgage applications surge 16% as interest rates fall
Mortgage applications surge 16% as interest rates fall

Meanwhile, the Mortgage Bankers Association’s seasonally adjusted purchase index rose 8% from the previous week.

NAHB: Residential construction spending rises in May thanks to single-family sector
NAHB: Residential construction spending rises in May thanks to single-family sector

Strong growth of single-family construction spending drove the increase, while spending on multifamily construction was flat, the National Association of Home Builders said.

S&P CoreLogic Case-Shiller: Home-price gains ‘truly extraordinary’

In Boston, the index jumped 2.5% month over month and 16.2% year over year. The monthly increase was slightly down from the 2.6% rise recorded in March. 

Boston home inventory levels rebounded in May
Boston home inventory levels rebounded in May

Inventory levels rebounded last month, finally showing signs of recovery following a year of historical declines.

Housing market simmers down, but pending sales are still up
Housing market simmers down, but pending sales are still up

Although pending sales are up 29% from last year, they are starting to slow down, dropping 9.7% from their peak four weeks ago.

Housing starts rise in May, but building permits fall
Housing starts rise in May, but building permits fall

Single-family housing starts were up 4.2% from April and 49.8% from May 2020, at 1,098,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.

Boston Housing Scorecard: Existing-home sales surge in May
Boston Housing Scorecard: Existing-home sales surge in May

Housing inventory also saw an increase from year-ago levels last month.

Zombie foreclosures up 21% across the country
Zombie foreclosures up 21% across the country

Of the 99 million residential properties in the U.S., approximately 1.4 million (or 1.4%) are vacant this quarter, with “zombie” home rates increasing both quarterly (21%) and annually (5.6%).

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