The July BuildFax Housing Health Report (BHHR) revealed that amidst repeat declines in new construction activity, the downward trend in maintenance activity is slowing. July in particular experienced a year-over-year uptick in maintenance. While one month of increasing maintenance activity is not a trend, this is a strong indicator of consumer confidence and may signify continued …
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Our very own Holly Tachovsky has been named one of HousingWire’s 2019 Women of Influence. The award celebrates women who have demonstrated leadership and made an impact in the housing industry. Every year, HousingWire highlights thought leaders in the housing industry who pave the way for other women to follow. Award winners not only push …
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Flooding may not manifest as severely as other natural disasters, but increasingly, for homeowners, the impact of flooding can pack quite the punch. In the U.S., between 1980 and 2018, flood losses have topped $123.5 billion, of which almost $48 billion is covered by the National Flood Insurance Program (NFIP). Over the past few years, …
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For almost seven months, the housing market has been slowing across new and existing construction activity, including new home building, large-scale remodels and general home maintenance projects. The June BuildFax Housing Health Report (BHHR) revealed, however, that even as demand for construction slows, spend is still rising, propelled by 2019 economic conditions. New and Existing …
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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 are affecting the U.S. housing market. In June, single family housing authorizations, maintenance and remodel activity decreased, but construction spend on the existing housing stock rose substantially. This suggests the tightening labor construction and materials …
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Remodeling spend will not keep pace with its steep 2018 increases in 29 of 49 major metros across the U.S., according to a new report from the Joint Center for Housing Studies (JCHS), a Harvard University initiative that researches housing issues relevant to public policy. The JCHS report leverages a modeling tool, which forecasts residential …
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We’re excited to announce that on the heels of the BuildFax 10-year anniversary, we’ve rebranded. It’s fitting that these milestones coincided. Over the past ten years, the company has grown at breakneck speeds. In 2008, BuildFax established a previously non-existent class of data after identifying a gap in the market: across industries, there was a …
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After record-high insured losses from weather-related disasters over the last two years, carriers are reevaluating the need for more accurate data to better manage and assess risk. BuildFax analyzed rebuilding activity following 11 hurricanes between 2000 and 2018, delivering deeper insights into recent storms: Hurricanes Harvey, Irma, Michael and Florence. The findings reveal: Hurricane recovery …
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Storm activity during the 2019 hurricane season is forecasted to produce between two and four major hurricanes with winds higher than 111 mph, according to the National Oceanic and Atmospheric Administration (NOAA). The NOAA defines this level of hurricane activity as normal for the season. However, recent trends in weather activity and the impacts of an …
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The May BuildFax Housing Health Report (BHHR) revealed that even as economic pressures are easing on a national level, for instance moderating home prices and declining mortgage rates, the housing market is still in a slump. Year over year, single-family housing authorizations, maintenance and remodeling are down. However, BuildFax found that increases in city-level remodeling …
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