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Housing activity declines across the board, but a rebound may be imminent

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... Read More

Maintenance and remodel activity sinks as the pandemic worsens

COVID-19 reached its peak in the United States last month and the housing market felt the strain of the pandemic. A record number of houses were pulled off the market, new construction slowed, and existing home sales decreased. Existing housing activity, which often sees a boost from property transactions, was no exception. Across the board,... Read More

Housing activity slides as COVID-19 outbreak spreads in the U.S.

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. As a result, while some... Read More

Housing Activity Remains Strong Amidst COVID-19 Outbreak

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,... Read More

Despite National Growth, New Construction Activity Is Sluggish in Major Metros

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... Read More

People in the U.S. Are Moving Less but May Be Remodeling More

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%.... Read More
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