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Rick Palacios Jr.: Public homebuilders slow land purchases as single-family starts drop
Rick Palacios Jr. reports that public homebuilders have recently reduced their activity in the land market. According to Palacios Jr., this trend is typically a directional indicator for single-family housing starts, which experienced a double-digit year-over-year decline in May based on surveys of homebuilders.
Palacios Jr. recently highlighted that national housing affordability is improving gradually as incomes rise and prices hold steady, according to recent reporting. He also previewed a macro discussion for an upcoming housing summit focused on Fed policy, rates, and AI influences on consumer trends in a separate update. These topics reflect ongoing attention to housing fundamentals and market drivers.
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