Foreclosure filings rise 10% annually in July, ATTOM says

The recent report from ATTOM showing a 10% annual increase in foreclosure filings in July, with 39,906 filings recorded, is a notable development in the real estate market. This uptick in foreclosure activity may have implications for construction companies, particularly those involved in residential building or renovation projects. As foreclosed properties often require significant repairs or renovations before they can be resold or rented, an increase in foreclosure filings could lead to new business opportunities for contractors and builders.

However, it's worth noting that the 1% month-over-month increase in foreclosure filings from June to July is relatively modest, suggesting that the market may be stabilizing. Additionally, while REOs (real estate-owned properties) increased 23% from July 2025, the exact timing and context of this comparison are unclear. Nevertheless, construction companies should be aware of the potential for an influx of foreclosed properties entering the market, which could impact local housing supply and demand dynamics.

Looking ahead, construction industry stakeholders should watch for signs of how this trend in foreclosure filings may evolve in the coming months. Will the increase in foreclosure activity continue, or will it plateau or decline? How will lenders and investors respond to the changing market conditions, and what impact will this have on the availability of financing for construction projects? As the market continues to shift, staying informed about local foreclosure trends and their implications for construction and real estate will be essential for companies looking to navigate these changes successfully.

Originally reported by housingwire.com. ConstructionNews adds analysis for real estate & property readers.