September 19th, 2018 10:34 PM by Eric Fang
More buyers could be in the market for new homes as housing authorizations and maintenance volume increased while remodels fell, according to BuildFax.
The property data provider's latest Housing Health Report showed single-family housing authorizations grew by a seasonally adjusted 6.53% year-over-year in August — a similar figure to the latest housing start projections from Fannie Mae. It also marked a 0.4% seasonally adjusted increase from July.
"These trends suggest that we are still in a healthy housing market, but the rate of growth is slowing," said BuildFax COO Jonathan Kanarek in a press release.