【Zillow】Homebuilding Momentum Falters in 2025 Where Inventory Climbs

• Single-family permitting dropped 6.3% in the first half of 2025, led by sharp declines in Jacksonville, San Antonio and Boston.
• The slowdown comes after a rebound in 2024. Last year, single-family starts finished the year up 6.6% in 2024, ending a two-year decline and keeping homebuilding  above the pre-pandemic pace.  
• Attached, single-family construction — condos and townhomes — increased at twice the rate of detached, single-family homebuilding.

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