• 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

This article was written by Greg Michalowski at www.forexlive.com.