Despite a wavering economic recovery amid the persisting COVID-19 pandemic, housing activity enters 2021 on strong footing with increases across almost all indicators. Single-family housing authorizations increased year over year for the sixth consecutive month—a positive sign, given the severe U.S. housing shortage. Meanwhile, month-over-month activity remained relatively flat, decreasing just 0.36%. This is likely …
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Housing activity was a bright spot for the economy in 2020, ending the year with increases across almost all major indicators in December. However, indicators suggest that there is still pent-up demand for inventory, which is expected to see some improvement in 2021 due in part to increased new construction and sellers growing more comfortable …
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Housing activity ended 2020 on a strong note with increases across almost all major indicators. New construction activity was a bright spot for the economy in 2020. Single-family housing authorizations increased 13.97% year over year and 3.21% month over month. The housing market, however, is still experiencing some growing pains with inventory hitting record lows …
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Housing activity experienced blanket growth across key indicators for the second time this year. Maintenance spend skyrocketed in November likely driven, in part, by rising building material costs and strong demand from remodelers. Home improvement projects have increased amid the pandemic as Americans have been forced to spend more time at home. New construction activity …
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Housing activity remains strong in November, experiencing blanket growth across key indicators for the second time this year. Nine months into the pandemic, we’re seeing some clear trends emerging related to homeowner behavior. “Maintenance spend surged in November to the largest year-over-year increase we’ve ever seen,” said Jonathan Kanarek, managing director of BuildFax, a Verisk …
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Housing activity showed continued growth across almost all indicators in October. Single-family housing authorizations increased for the third consecutive month, though the pace of growth slowed from September. While record-low mortgage rates have propelled housing activity forward amid the COVID-19 pandemic, homebuyer demand may have peaked as mortgage applications remained relatively flat in October. Meanwhile, …
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Housing activity showed continued growth in October. Single-family housing authorizations increased, though the pace of growth slowed from September. Activity may slow in the coming months as the recent announcement of a COVID-19 vaccine has resulted in conflicting signals within housing stocks. For the latest insights on U.S. housing activity, download the full report. The …
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