March was a turning point for the United States as, state by state, the COVID-19 outbreak led to shelter-in-place orders across the nation. As a result, housing activity experienced declines across almost all major housing indicators. Just one indicator, year-over-year single-family housing authorizations, increased. How is COVID-19 expected to affect housing activity in the United …
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March was a turning point for the United States as, state by state, the COVID-19 outbreak led to shelter-in-place orders across the nation. In fact, according to The New York Times, by the end of March, more than 80% of the population across 32 states had been urged to shelter-in-place.[i] As a result, while some …
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The U.S. stock market and broader economy has started to decline reportedly amidst concerns that COVID-19, a new, contagious virus, has become an increasing concern across the United States. However, the February BuildFax Housing Health Report (BHHR) revealed that housing activity has continued to grow. Single-family housing authorizations increased modestly year-over-year. Meanwhile, existing housing activity, …
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In February, housing activity increased at the national level despite COVID-19 concerns. while single-family housing authorizations increased modestly year over year, existing housing activity grew substantially, mirroring trends in the latest jobs report, which tracked a substantial growth in residential construction jobs. How might a COVID-19 outbreak impact the housing market? Download the full report …
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The BuildFax Housing Health Report leverages U.S. property condition and history data to provide insights into macro- and microeconomic trends affecting the U.S. housing market. At the national level, housing activity has started out on strong footing, experiencing year-over-year increases across new and existing housing supply. However, BuildFax analysis into major U.S. metro areas tells …
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The January BuildFax Housing Health Report (BHHR) revealed healthy growth across new and existing housing activity. Single-family housing authorizations increased 6.03% year over year but decreased 0.41% month over month, remaining relatively flat. Existing housing activity, which encompasses maintenance and remodeling, which is a subset of maintenance that includes renovations, additions, and alterations, experienced moderate …
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The BuildFax Housing Health Report leverages U.S. property condition and history data to provide insights into macro- and microeconomic trends affecting the U.S. housing market. In December, BuildFax analysis revealed the correlation between U.S. domestic migration and maintenance activity. Existing maintenance activity rose substantially in December, as declines in migration rounded out 2019. This may …
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The December BuildFax Housing Health Report (BHHR) revealed another increase in year-over-year single-family housing authorizations, which grew 4.82% this month after climbing 7.09% in November. However, month over month, single-family housing authorizations declined 2.61%. After declining for a majority of 2019, the rolling three-month outlook rounded out the year on a positive note, increasing 5.77%. …
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The BuildFax Housing Health Report leverages U.S. property condition and history data to provide insights into macro- and microeconomic trends affecting the U.S. housing market. In November, BuildFax research revealed the probability of a recession has decreased as housing indicators rise. Single-family housing authorizations rose 7.09 percent year over year in November, which was the …
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The November BuildFax Housing Health Report (BHHR) revealed a substantial increase in year-over-year single-family housing authorizations at 7.09% after the indicator declined for much of 2019. Additionally, after reaching a peak in September, the probability of a recession is now declining again. Maintenance and remodeling activity also increased this month. This could have been propelled …
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