GS Housing Market Activity Scale

Latest edition · June 23, 2026

GS HOUSING MARKET ACTIVITY SCALE Week of June 14: Scale Flat Sequentially as Move in Purchase Apps is Offset by Prices and Lower Rates

The GS Housing Market Activity Scale held steady at 4 for the week of June 14, reflecting mixed data where lower mortgage rates and price gains offset a softening in purchase applications and home sales.

The report highlights that the housing market activity scale remained flat sequentially for the week of June 14, at a reading of 4. While purchase applications fell 3% sequentially, these were partially offset by a 1% increase in median sale prices and a 5bps decline in mortgage rates to 6.47%. Despite some positive year-over-year metrics, such as home sales being up 5%, the authors note underlying weakness driven by buyer affordability concerns and the broader economic backdrop.

Key takeaways from the latest edition

• 1.The GS Housing Market Activity Scale remained flat at a reading of 4 for the week of June 14.
• 2.Mixed housing data: a 3% sequential decline in purchase applications and 1% drop in sales were offset by a 1% gain in median sale prices and lower mortgage rates.

What this series covers

• Key Findings
• Mortgage Market Update
• Disclosure Appendix

Edition archive

• GS HOUSING MARKET ACTIVITY SCALE Week of June 14: Scale Flat Sequentially as Move in Purchase Apps is Offset by Prices and Lower Rates

  June 23, 2026

• GS HOUSING MARKET ACTIVITY SCALE Week of June 7: Scale Up 2% Sequentially Led by Purchase Applications and Sales

  June 16, 2026

• GS Housing Market Activity Scale Week of May 31 Scale Flat Sequentially on Mixed Indicators Given Underlying Macro

  June 9, 2026