New Zonda home sales report has only dour descriptors

Sales down year over year, no change in average ranking for sixth consecutive month
Rising construction wages underscore continued labor shortage woes

Wage growth is outpacing employment growth in the construction industry: LendingTree
Housing inventory balloons as home sale cancellations surge

There were 1.36 million homes for sale last month, according to Zillow
Consumer sentiment improving, but well short of December levels

High-wealth consumers are also feeling gloomier than they did at the end of 2024
Foreclosure filings hit a six-year high during the first half of 2025

Alaska led all states with a 55% year-over-year spike in foreclosures
Multifamily construction surge veils ‘underlying weakness’ in single-family sector

Affordability challenges are suppressing homebuying, boosting rental demand: Wells Fargo
MBA: New home purchases up for the year, but dipped since May

Builder Application Survey shows ‘we continue to see home sales ebb and flow’
Home builders still lack confidence despite recent legislative wins

The Housing Market Index remains near historical lows
Overall wholesale inflation unchanged in June

The surprising inflation news shows little impact so far from current tariffs
Legalized cannabis linked to higher home values

Nine of the 10 states with the largest home price gains since 2009 have legalized marijuana in some form