It’s been more than eight years since the Great Recession in which both commercial and residential construction took a hit. The drastic drop happened quickly, but where is the market headed now, specifically for the commercial space? We recently compared commercial new construction and commercial remodels over the course of the Great Recession. Based on... Read More
We recently compared residential new construction and residential remodeling permit activity over the lifecycle of the recent housing crisis. We found that residential remodeling activity has surpassed its pre-housing crisis peaks while new construction has barely kept up. “Given that we are looking at more than a decade of data,” said Holly Tachovsky, CEO at BuildFax,... Read More
To kick off the first day of Fall, the crew at BuildFax held our second RiverLink cleanup project of the year. We got a lot done this round including finding an old tire and a bunch of scrap metal. The effort is part of the DMGT Green Year which BuildFax is participating in with pride and... Read More
Recently on a hunch, we compared residential new construction and residential remodeling construction numbers over the lifecycle of the recent housing crisis. We suspected a lingering inequality trend between the two, and we found some pretty staggering results. For our study, we looked at just over thirty-seven million residential properties. The hunch proved... Read More
Policyholders forget to inform their carrier about a lot of property upgrades. But there’s one upgrade we’ve seen a massive uptick in over the last few years that you may not have thought of. Solar. This puts your policyholders at risk for being underinsured. Increased Exposure – Don’t Leave Your Policyholders Underinsured! These property... Read More
If you’ve installed a solar array on your property, it’s very important to let your home insurance carrier know about it. Why is this so important to tell them? Because the new investment you’ve made may not be protected. Just like any other improvement to your home, a solar array is going to affect its value. The more... Read More
