BuildFax Housing Health Report, February 2019

How are metro areas faring amidst repeat housing declines?

The February BuildFax Housing Health Report leverages U.S. property condition and history data to provide insights into how macro and microeconomic trends are affecting the U.S. housing market.

This month, BuildFax analyzed new construction and maintenance activity across the 10 major metro areas. The findings reveal:

  • Single-family housing authorizations saw year-over-year declines for a fourth consecutive month, confirming a continuation of the housing market slowdown.
  • Four metro areas – Dallas, New York City, Chicago and Washington D.C. – experienced increases in housing activity, bucking national trends.
  • Of the 10 metro areas analyzed, Chicago saw the greatest growth in housing activity, whereas Boston saw the greatest declines.

How are major metro areas faring amidst the housing market slump? Download the report to learn more.

"There have been persistent declines across key housing indicators for four consecutive months. However, we anticipate some economic relief as we head into 2019’s spring home-buying season. Mortgage rates have reached recent lows leading to increased potential for home sales, which is oftentimes followed by a surge in remodeling activity. The performance of single-family housing authorizations, maintenance and remodeling activity through this next season will shed light on whether declines in the housing market will spread to the broader economy."

Holly Tachovsky, CEO, BuildFax

"In the past five years, the 10 largest metros have closely mirrored national trends, rising steadily. However, in recent months, we’ve seen a shift in this pattern. Four major metros are seeing strong housing activity despite national declines. If economic instability increases over the next few years, as some reports suggest, areas that are growing in spite of these trends become progressively starker over time."

Holly Tachovsky, CEO, BuildFax