January catastrophe reinsurance renewals are in the books. In aggregate, reinsurance renewal outcomes were stable across the U.S. However, as BuildFax predicted a few months ago, catastrophe reinsurance renewals were disproportionally impacted by loss-hit accounts. A recent report from Willis Re found that carriers without catastrophe losses left these discussions with renewal rates that ranged …
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Each month, BuildFax releases its Housing Health Report, which leverages U.S. property condition and history data to deliver macro- and microeconomic trends affecting the U.S. housing market. January findings revealed: Single-family housing authorizations saw year-over-year declines for a third consecutive month. This trend is particularly notable as continued declines of this indicator are historically correlated …
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Housing affordability issues plaguing the U.S. have reached recent highs this year. In July, reports surfaced that purchasing a home in the U.S. is less affordable than it has been in decades. Not only have home prices skyrocketed, but average wage earners are needing to spend more than 30 percent of their income (historical average …
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In the last decade, 2018’s hurricane season has ranked third for damage costs behind Hurricane Sandy in 2015 and the combined effects of Hurricanes Harvey, Irma and Maria in 2017. This year’s hurricanes hit Florida for the second year in a row, as well as the Carolinas, highlighting a crucial developing trend in weather activity. …
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Each month, BuildFax releases its Housing Health Report (BHHR), which delivers a macro view of the economic trends affecting the U.S. housing market. This month’s report discovered, for the first time since 2011, there were declines across new and existing housing supply. The data reveals a decrease in seasonally adjusted, year-over-year single-family housing authorizations, remodeling …
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The probability of a U.S. economic recession almost doubles by 2020, according to a recent analysis by BuildFax. BuildFax’s new Housing Health Report, which leverages U.S. property condition and history data to deliver macroeconomic trends affecting the U.S. housing market, demonstrates how declines in single-family housing authorizations, among other key factors, may contribute to heightened …
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Camp Fire claimed at least 153,000 acres and more than 14,000 structures in Butte County. According to BuildFax data, maintenance activity – construction performed on properties – in the area increased 8.57 percent year to date compared to January through October 2017. This suggests carriers may not have accurate assessments of the wildfire’s true damage …
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Each month, BuildFax releases its Housing Health Report (BHHR), which delivers a macro view of the economic trends affecting the U.S. housing market. This month’s report revealed a leveling off of seasonally adjusted, single-family housing authorizations, but a ramp-up in remodeling spend and maintenance activity. These factors suggest that while new construction is slowing, many …
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Each month, BuildFax releases its Housing Health Report, which leverages U.S. property condition and history data to deliver macroeconomic as well as more granular trends affecting the U.S. housing market. Key highlights include: For the first time since 2011, new and existing housing supply sees blanket declines. 2018 activity may suggest a softening of the …
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Homeowners are anticipated to spend 5 percent more on home improvement this year in 41 of 50 major U.S. metropolitan areas, according to a report from the Joint Center for Housing Studies (JCHS), a Harvard University initiative that researches housing issues relevant to public policy. The report also predicts residential remodel spend will grow at …
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