Existing home sales and housing starts both increased in May, while housing inventory continued to drop. Builder confidence was way up compared to this time last year.
Existing home sales trended upwards in April, while inventory continued to drop. Builder confidence was up significantly compared to the early days of the pandemic.
Existing-home sales in Houston began to level off in March when compared with last year’s numbers. It’s marked change from February of this year, when the year-over-year change was up 26%.
This month’s Houston Agent Housing Scorecard would have been positive across the board had it not been for continued high unemployment and a shortage of housing inventory. See how the economic indicators looked, both locally and nationally, in this month’s report.