The actual state of homebuilding in 2019 is continued growth with indications of potential increase. Disclosure: Author holds homebuilder PulteGroupHow to measure homebuilding properlyFor a homebuilding measure to be useful, we need to work around seasonality, monthly variability and survey inaccuracy. Here is how that measure for new home sales looks (note: only actual sales are used because there is no need to adjust twelve consecutive months for seasonal fluctuations). The number is prone to revision and one month is proven to be an inaccurate measure of homebuilding health and growth. The better approach is to watch the trailing 12-months throughout the year while tracking the cumulative monthly results for year-by-year comparisons.

Source: Forbes June 30, 2019 13:01 UTC