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... Read More
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,... Read More
The market experienced steady year-over-year growth across almost all housing indicators in September. Single-family housing authorizations were up for the second consecutive month, signaling strong demand and homebuilder confidence in the market. New construction grew alongside construction employment in the U.S. last month. However, construction employment remains well below levels seen in the months preceding... Read More
Housing activity experienced notable growth in August, seemingly spurred along by historically low mortgage rates and increases in consumer demand driven by post-pandemic shifts in homebuying behaviors. In the new construction sphere, single-family housing authorizations increased, a sign that housing activity is advancing in the face of the pandemic. As builders work to close the... Read More
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... Read More
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
