Every month brings its own rhythm to the housing market, and July was no exception. We saw single-family home construction dip 9.9% from June, and it’s down 15.7% compared to last year. Overall, housing starts slid by 12.4%. But for anyone feeling uncertain, there’s a glimmer of optimism—building permits actually climbed 5%. That’s a sign that, despite high mortgage rates and economic headwinds, there’s still appetite for growth ahead.
After two decades guiding Naperville buyers and sellers through every twist and turn, I know how much these trends can shape your next move—whether you’re dreaming of new construction, considering a resale, or navigating a unique situation. Patience and clear guidance are key in times like these, and keeping an eye on future signals like permits helps us stay prepared for what’s next.
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