August Housing Barometer Details Recovery Phase 3

Each month, Trulia’s Housing Barometer charts how quickly the housing market is moving back to “normal.”  They summarize three key housing market indicators: construction starts (Census), existing home sales (NAR), and the delinquency-plus-foreclosure rate (LPS First Look). For each indicator, they compare this month’s data to (1) how bad the numbers got at their worst and (2) their pre-bubble “normal” levels.

In July 2013, all three measures improved: construction starts and existing home sales rose, while the delinquency + foreclosure rate notched downward.

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