US housing starts fall to five-year low in May

Home builder confidence slipped two points again in June to a reading of 32 in the NAHB/@WellsFargo Housing Market Index (HMI), the third-lowest reading for the HMI since 2012. www.nahb.org/news-and-economics/press-releases/2025/06/builder-sentiment-at-third-lowest-reading-since-2012 #economy #realestate pic.x.com/mfDcioKXOY

We could finally be seeing housing market deflation. With America's 2nd largest home builder, Lennar, just reporting an 8.7% YoY drop in selling price. This brings the total correction from the pandemic peak to 24.4%. This indicates that new homes are getting a lot cheaper for pic.x.com/intW4uhTsC

Back in November 2024, 7 of the nation's 50 largest metro area housing markets (14%) had falling year-over-year home prices. Now, 22 of the nation's 50 largest metro area housing markets (44%) have falling year-over-year home prices. Chart via @ResidentialClub pic.x.com/2RljeW63rU

Rough week for housing so far. The main theme across our housing coverage lately (homebuilders & existing home market) is that the for-sale housing slowdown is spreading geographically. Showed up clearly in this month’s homebuilder and resale agent surveys, along with hard data.