After May’s big surge in home building, things slowed down in June, as Housing
Starts slipped slightly for the month. But, looking to the future, single-family
Building Permits hit their highest level in 12 months.
The market for new homes is clearly improving. NAHB homebuilder sentiment saw
its seventh straight gain in July, hitting the highest reading in over a year, as a
solid majority of builders view conditions as good.
Existing Home Sales posted a small decline for June. But, good news for
buyers, the median price has fallen a bit the past year. Good for sellers, tight
inventories will prevent any large price drops.
