housing
  • Prior month 32
  • NAHB housing market index 33 versus 33 estimate
  • Price Cuts:
    38% of builders cut home prices in July (highest since monthly tracking began in 2022)
    • Compared to 37% in June, 34% in May, and 29% in April
    Average reduction: 5% (steady since November 2024)
    Sales incentives usage: 62% (unchanged from June)

  • Outlook:
    Single-family starts expected to decline in 2025
    Permits down 6% YTD
    Builder traffic at its lowest in over two years

Source: Forex Live