According to the ESR Group, total single-family home sales are expected to close 2025 at 4.92 million units.
News in end use
US Single-Family Built-for-Rent Starts Flat in Q1
There were approximately 19,000 single-family built-for-rent starts in Q1, little changed from 2024Q1, the Census Bureau and NAHB reported.
Canadian New Housing Price Index Slips in April
The Statistics Canada New Housing Price Index declined 0.4% in April, after holding steady in March, Dow Jones reported.
US Mortgage Applications Decline in the Week Ending May 16
Mortgage loan application volume decreased 5.1% on a seasonally adjusted basis from one week earlier, MBA reported.
US Townhouse Construction Posts Modest Gain in Q1
Over the past four quarters, townhouse construction starts totaled 175,000, up 2% from the previous four-quarter period, the Census Bureau and NAHB reported.
US Single-Family Home Sizes Increase in Q1
The US median single-family floor area was 2,190 square feet in Q1, near the highest reading since mid-2023, the Census Bureau and NAHB reported.
US Home Prices Fall in April, Marking First Monthly Decline Since September 2022
US home prices dipped 0.1% in April on a seasonally adjusted basis, the first monthly decline since September 2022, Redfin reported.
Canadian CPI Growth Slows in April on Lower Energy Prices
The Consumer Price Index (CPI) increased 1.7% year-over-year in April, down from a 2.3% increase in March.
US Existing-Home Sales Slow to Lowest Level Since October 2024
Sales of existing US homes fell to a seasonally adjusted annual rate of 4,196,707 in April, the lowest level since October 2024, Redfin reported.
US Construction Materials Prices Moderate in April
Overall construction input prices were 0.1% higher year-over-year in April, the BLS and ABC reported.