GS Housing Market Activity Scale

The GS Housing Market Activity Scale held at 4 for the week of May 31, reflecting mixed indicators including lower purchase applications despite a slight dip in mortgage rates. The market faces a deceleration in absorptions, particularly in the entry-level segment, prompting a cautious outlook on land investment.

Key Takeaways

• 1.The GS Housing Market Activity Scale remained flat sequentially at a reading of 4, with high-frequency data reflecting mixed macro signals.
• 2.Mortgage purchase applications declined 3% sequentially, although they remain 24% above the February 2025 trough as mortgage rates dipped to 6.48%.

Table of Contents

• GS HOUSING MARKET ACTIVITY SCALE
• Key Findings
• Mortgage Market Update
• Disclosure Appendix
• Reg AC
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures

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