Housing Market Update and Economic News: July 18, 2025

Housing Trends

Builders Cut Prices to Boost Sales
Facing softening demand and heightened economic uncertainty, homebuilders are now reducing prices at the fastest pace seen in three years, according to the latest NAHB report.

Builder Outlook Nudges Up Slightly
June’s federal budget agreement offered a modest boost to builder sentiment, though overall confidence has remained in negative territory for over a year.

Housing Inventory Surges, Prices Dip in Some Markets
Total homes for sale were 29% higher in June compared to the same month last year, and nearly one in three major metro areas is now experiencing year-over-year price declines.

Economic Update

Tariff Effects Start to Show in Consumer Prices
New inflation data from June points to rising prices on everyday goods such as coffee and home furnishings—evidence that recent tariffs are beginning to impact consumers directly.

Retail Spending Jumps in June
Consumer spending at retail stores rose more than forecasted last month, with part of that increase likely tied to higher prices rather than volume, particularly for goods affected by tariffs.

Wholesale Prices Remain Flat
Despite retail cost increases, producer-level prices saw no movement in June, offering a mixed picture of inflation pressures amid global trade disruptions.

Quote of the Week

“The future belongs to those who prepare for it today.”
— Malcolm X

In times of economic transition, insight makes all the difference. Whether you’re buying a home, building new, or advising others, Thompson Kane is here to guide you through evolving market conditions with expertise tailored to your goals.