Even five months into the pandemic, many industries are still experiencing the effects of COVID-19. However, U.S. housing activity has notably pushed past the early turmoil it experienced. After several months of hesitation, housing indicators are beginning to show growth once again. Maintenance and remodeling activity—a subset of maintenance that includes renovations, additions, and alterations—increased …
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Existing housing activity experienced notable growth in July, after experiencing its steepest declines in recent history just three months prior. Meanwhile, new construction increased month over month, but declined year over year. Recent increases suggest housing activity has the potential to return to its pre-COVID-19 growth trajectory. For the latest insights into the impact of …
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Housing activity, across a majority of indicators, fell in June, however the data tells a more nuanced story. The number of single-family housing authorizations experienced the steepest year-over-year decline in recent history. Meanwhile, existing housing activity remained relatively flat, a major improvement from a more than 20% decline just two months prior. The next few …
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New and existing housing activity fell, yet again, in May. However, other housing indicators—including existing home sales, construction jobs, mortgage locks, homebuilder sentiment, and more—started to show improvement, an indication that the recent slump in housing activity may be short-lived. Existing maintenance and remodeling activity was no exception. While these indicators experienced year-over-year declines in …
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New and existing housing activity declined across the board in May. However, a trend is beginning to appear within the housing market, where other housing indicators—existing home sales, construction jobs, mortgage locks, homebuilder sentiment, and more—started seeing improvement this month. Maintenance and remodeling—a subset of maintenance that includes renovations, additions, and alterations—declined year over year …
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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 July, single family housing authorizations declined for the ninth straight month, however maintenance and remodel activity saw early increases. Although one month of increases are not a trend, …
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